The Statesman 06.06.2013
North Corpn withdraws hike in property tax
NEW DELHI, 5 JUNE: There is a good news for
the industrial sector falling under the ambit of North Corporation as
the Corporation has withdrawn the 10 per cent hike in property tax.
According
to the Chairman, Standing Committee, North Corporation, Mr Ram Kishan
Singhal, this year, the Corporation has made a commitment not to
increase any tax. However the Commissioner, without taking consent of
House and Standing Committee, issuing a letter had increased over 10 per
cent of property tax for industrial sector putting them into the
category of commercial establishment. Today, in the meeting of Standing
Committee, Mr Singhal undid the tax hike and the establishment of new
category.
The Corporation directed the Commissioner to issue a fresh order immediately to nullify the effect of previous one. " There will be no hike in the property tax without the consent of House and standing committee. If the department has collected the property tax at the rate of 20 per cent (after 10 per cent hike) on place of 10 per cent it must try to adjust it in the next financial year or refund it to the owner," Said Mr Singhal.
