The Times of India 13.11.2009
AMC tax rebate scheme extended till January 14
AHMEDABAD: The tax rebate scheme of Ahmedabad Municipal Corporation (AMC) has been extended till January 14. The scheme is aimed at waiving off 50 per cent interest on property tax dues of residential and commercial units in the city.
Started on September 15, it has now been extended for two months till January 14. This is for the first time that the scheme will cover all properties under the new tax formula of AMC which came into implementation after 2001 based on carpet-wise area.
Standing committee chairman, AMC, Asit Vora said, "Slums and chawls would get 100 per cent exemption from the interest."
"The scheme has been introduced to enhance recovery of pending property tax dues which had accumulated to over Rs 1,300 crore in the city," added Vora.
Under the tax rebate scheme, 50 per cent interest would be waived off from the time the tax due was pending of a particular residential and commercial unit.
At present, AMC charges 18 per cent interest on late payment of property tax.
Interestingly, AMC had sent a proposal to the state government for cutting the interest rate to eight per cent which has been pending for long. Vora said, "The tax rebate would be given from the years the tax was pending."
Explaining the changes after the coming of the new tax regime, he said, "All the properties under the old formula would be now converted into new formula and rebate would be given accordingly. But if the tax under the new formula is less than the old then no rebate would be given."
Closed textile mills are exempted from the scheme, he added. The tax dues and arrears of mills run over Rs 200 crore.
