EDMC mulls 3 taxes, hike in property duty

East Delhi Municipal Corporation’s (EDMC) executive wing has proposed three new taxes and increase in transfer duty on sale and purchase of property in its annual budget proposals of Rs 4,647 crore for FY 2020-21. The pandemic, coupled with the Northeast Delhi riots, had forced EDMC to reduce its budgetary projections for this fiscal by around Rs 1,700 crore.

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