PCMC Approves A Tax Break For Female Property Owners Tax breaks for female property owners have been authorised by PCMC. Are you a resident of Pune who intends to purchase real estate? Do you also consider the property taxes you would owe in the future? If so, then you should read this article. The general body of PCMC announced a programme enabling property owners to evade taxes, which will be welcomed news for Mumbai's citizens. The important thing to remember is to register the property in a woman's name. Now, women who own real estate are eligible for a tax break of up to 10% on their homes. The programme was introduced in 2011, and during the fiscal year 2021–2022, many women benefited from it. As long as the beneficiary is a woman, this programme will be automatically executed, thus many people stand to gain in the upcoming years.
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Women's empowerment is the only goal of this plan. Having this plan in place will encourage family members to purchase houses in honour of their female relatives and make them feel special. Legally documented women property owners may seek for this benefit. According to the data, approximately 8000 women have utilised the benefits.