what is ptr in mcd

what is ptr in mcd

1 year ago 36
Nature

PTR in MCD stands for Property Tax Return. It is a record of the property tax paid by the property owner to the Municipal Corporation of Delhi (MCD) . Property owners in Delhi are required to file their PTR annually with the MCD, which is responsible for maintaining the citys infrastructure and levies different forms of taxes to fund its operations. The PTR includes details such as the ownership category (government, individual, organization), property type (commercial, residential), and tax payment receipts for the financial year. Property owners can file their PTR online through the MCDs service portal or manually by submitting the PTR form along with the payment of tax. The MCD applies the Unit Area System, recommended by the Government of India, for calculating property tax in Delhi.

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