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Benefit scheme for defaulters of Property Tax: NDMC

Over 3,700 defaulters have availed benefit of property tax settlement scheme
by the north corporation, offering immunity from penalty and waiver of interest, with the civic body having collected tax of Rs 10 crore so far, officials said. 

The scheme, announced recently by the municipal body, will continue till November 30 this year. 

"Property owners are showing a great interest in the scheme so far," chairman of the Property Tax Committee of North Delhi Municipal Corporation (NDMC) Rajesh Bhatia said. 

"About 600 property owners have benefited from this scheme in ex-parte assessment under old rateable value system, 300 in rateable value already determined on merit, 2,500 in unit area method and 300 in discount cheque dispute category," Bhatia said. 

There is a full rebate from interest and penalty on pending property tax, which will be reduced to 75 per cent till October 17, and 50 per cent till November 17, NDMC said. 

"There are about 10 lakh properties in our jurisdiction in North Delhi and the number of defaulters availing the scheme is likely to rise further. Under the rateable value, we are giving October 31 as the last date to entertain request from defaulters," NDMC Public Relations Officer Yogendra Singh Mann told PTI. 

Bhatia also appealed to defaulters to avail the benefit of the scheme and settle their property tax dispute cases as the date of this scheme is not likely to be extended. Besides, no such other scheme will be brought in future, he said. 

Some complaints had been received from tax payers that tax through cash was not being accepted after 3 PM. For the benefit of tax payers, all the zonal offices have been directed to accept tax through cash up to 5 PM, he said.



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This Article is written by CMA Samir Biswal. He can be reached at cmasamirbiswal@gmail.com


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Governor approves ordinances to levy Property Tax in Punjab

Punjab Governor Shivraj V Patil has approved promulgation of two ordinances imposing property tax in the state. One ordinance deals with property tax by municipal corporations and the other relates to municipal committees.
 
Property tax will come into effect from April 1, 2013. Owners of commercial properties who have deposited property tax in September need not do it again now. Since property tax has been levied on all types of property, therefore houses under self occupation have also become taxable. Property tax replaces house tax in the state.
 
The ordinances approved by the Governor amend the Punjab Municipal Act, 1911 and Punjab Municipal Corporation Act, 1976 to provide for imposition of house tax. The ordinances are likely to be replaced by regular act in the next session of the Punjab legislative assembly. House tax will augment the resources of local bodies and will also pave the way for release of Rs 1,146 crore under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM).
 
 It may be mentioned here that recommendations with regard to Property tax made by a Cabinet sub-committee headed by deputy chief minister Sukhbir Singh Badal were approved by state Cabinet on June 15 this year. The property tax was imposed from April 1, 2013 but following a storm of protests by the Opposition and common man, the issue was reconsidered and rates of taxes reduced considerably.
 
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