The Hindu 26.12.2013
Company tax to soon be collected in added areas
The Chennai Corporation is all set to direct companies in added areas in the city to register for payment of company tax.
The
Corporation recently invited objections from companies on the inclusion
of added areas in the company tax net. Since it did not receive any
objection within the stipulated time period, it will now send letters to
the companies in a few days and is likely to begin collection after
approval from the government is received.
Last year,
the civic body identified over 25,000 companies that are not paying
company tax. At present, 13,000 companies pay company tax.
The
civic body has also instructed revenue department officials to
segregate data collected from other government departments to identify
companies that fail to pay company tax. The Corporation will also
identify employees in these companies who do not currently pay
professional tax.
A chunk of companies identified are
in Ambattur, Tiruvottiyur, Manali, Madhavaram, Valasaravakkam,
Perungudi and Sholinganallur zones.