Penalties towards property tax worth 532 cr waived

Penalties towards property tax worth 532 cr waived
x
Highlights

The State government on Monday waived off Rs 532.57 crore towards penalty of property tax for defaulters in Greater Hyderabad Municipal Corporation (GHMC) limits for the financial years 2014-15 and 2015-16. The State government on Monday waived off Rs 532.57 crore towards penalty of property tax for defaulters in Gre) in a GO 91 informed that the move would benefit 6,24,709 tax payers in the city.

Hyderabad: The State government on Monday waived off Rs 532.57 crore towards penalty of property tax for defaulters in Greater Hyderabad Municipal Corporation (GHMC) limits for the financial years 2014-15 and 2015-16. Municipal Administration and Urban Development (MA&UD) in a GO 91 informed that the move would benefit 6,24,709 tax payers in the city.

GHMC Commissioner B Janardhan Reddy and Mayor B Rammohan interacting with the media said that the civic body has around Rs 2,078 crore dues from property tax payers for the current and previous years. Of them, around Rs 474.33 crore worth penalties towards property tax dues for the year 2014-15 and Rs 58.24 crore for the current year have been waived off. They clarified that tax payers who have already paid the penal amount this year would be given a cash benefit and the same would be adjusted in their account.

Besides this, the government has waived off property tax amounting to Rs 85.63 crore for 5, 05,171 residents whose property tax was decreased from Rs 1,200 to Rs 101, they said.

The GHMC Commissioner and Mayor appealed to all the defaulters to pay their property tax immediately and not wait till the cut-off date. They said the property tax can be paid at all citizen service centres available at the Circle Offices and the Head Office. Regarding property tax dues on government buildings, a special meeting would be conducted soon to assess the amount. A meeting would be held with the Andhra Pradesh Chief Secretary and other senior officials on this subject, they said.

Meanwhile, GHMC has so far received about 1,18,615 BPS and 60,005 LRS applications. The last date to receive applications would end on March 1. The civic body is expected to generate about Rs 800 crore revenue from LRS and BPS.

Show Full Article
Print Article
Interested in blogging for thehansindia.com? We will be happy to have you on board as a blogger.
Next Story
More Stories