- Tanisha-Ashwini finishes runner-up in Syed Modi India International badminton
- 17 of 25 ministers in Cong govt lose Rajasthan assembly elections
- Shivraj win Budhni by over 1 lakh votes, Kamal Nath secures victory from Chhindwara by 36K votes
- Israeli president honours fallen heroes of Kibbutz Be'eri by inscribing Torah Scroll
- Cyclone Michaung: In constant touch with state governments, says PM Modi
- Now, IndiGo faces criticism over delays from former Union Minister
- 5th T20I: Shreyas Iyer's fifty helps India reach 160/8 against Australia
- 193 people killed in IDF attack in last few hours: Gaza Health Ministry
- MP Diya Kumari wins by 71,368 votes, biggest victory margin in Rajasthan
- MP Assembly polls: Union Ministers Tomar, Prahlad Patel, BJP General Secy Vijayvargiya win, Kulaste loses
GHMC to form expert panel Property tax revision
Greater Hyderabad Municipal Corporation Commissioner B Janardhan Reddy on Thursday said another expert committee would be constituted to revise property tax rates for both commercial and residential establishments.
Hyderabad: Greater Hyderabad Municipal Corporation Commissioner B Janardhan Reddy on Thursday said another expert committee would be constituted to revise property tax rates for both commercial and residential establishments.
Responding to a news item published in The Hans India pertaining to loss of nearly Rs 4,000 crore annually due to false assessment of property tax, he said, "The case is being studied by experts. A decision will be taken soon. GHMC is also planning to geotag these establishments using GPS.
In 2007, the corporation had taken certain decisions for enhancing tax on commercial and business establishments. However, GHMC has not taken up enhancement of revised rates till date. Effective methods like geo-tagging will put an end to such false assessments by property tax payers in the city."
The Hans India reports mentioned that a detailed survey carried out by Jawaharlal Nehru Technological University, Hyderabad (JNTU-H) revealed that GHMC has been losing Rs 4,000 crore of revenue per annum in the form of property tax as 80 per cent of the properties are either not assessed or under assessed.