The state government has introduced a one-time settlement scheme for property tax defaulters and evaders. Payments made until July 31 this year will be exempted from interest. This move is expected to benefit citizens and generate additional revenue for the government.
Guwahati Municipal Corporation (GMC) commissioner Megha Nidhi Dahal on Sunday said the corporation has to collect over Rs 100 crore arrears in property tax in the current financial year. Taxpayers in the city have not paid their dues for many years. GMC has issued more than 50 warrants against such tax defaulters. Their properties will be seized by the corporation if the tax is not paid on time, said Dahal.
An interest rebate scheme has been announced for citizens who have not paid their property tax in Ahmedabad. Taxpayers who pay their outstanding property tax will get a 100% interest rebate. Slum dwellers will get a 100% rebate, while owners of flats, tenements, and bungalows will get a 75% rebate. Commercial property owners will get a 60% rebate.
Hoping to be spared the burden of penalties and other consequences of having defaulted on Property tax payment, lakhs of property owners within the limits of Bruhat Bengaluru Mahanagara Palike (BBMP) are pinning their hopes on a crucial cabinet meeting scheduled Thursday evening. Learn more about the one-time settlement option and the proposed amendment to the BBMP Act-2020.
Ludhiana: Property tax payers who filed wrong assessment of their property tax returns got a chance to clear their dues under the one time settlement .