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Taxation

Nagpur Municipal Corporation to distribute Local Body Tax registration forms from today

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The Times of India                       13.03.2013

Nagpur Municipal Corporation to distribute Local Body Tax registration forms from today

NAGPUR: Finally, the Nagpur Municipal Corporation on Tuesday issued gazette notification of Local Body Tax (LBT) replacing Octroi from April 1. As a result, from Wednesday, the NMC will start 'free' distribution of LBT registration forms to traders across the corporation limits. Forms can also be downloaded from the civic body's website, said additional municipal commissioner Hemant Pawar.

At the time of submission of the LBT forms, the NMC will collect Rs 100 as registration fee.

To ensure good number of registration, NMC will utilise its class-III and IV manpower to distribute the forms, said Pawar, adding that the civic body would also provide registration forms to various traders' associations across the city.

Traders registering for LBT will have to file their returns by May 10, said additional deputy municipal commissioner Ravindra Kumbhare.

According to an estimate, there are around 1 to 1.25 lakh traders who will come under the ambit of LBT. To a query, Kumbhare said that LBT will not be imposed on 'local' purchase.

About the trained manpower, Kumbhare said that the assistant municipal commissioner will be in-charge of the department, while he will be assisted by around 100 staffers including 20 LBT inspectors, 60 clerks and 10 LBT officers. The civic body is also expecting Rs 4 to 5 crore per annum as a tax from state government stamp duty.

Last Updated on Wednesday, 13 March 2013 11:15
 

No interest if tax dues paid before March 31

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The New Indian Express                     12.03.2013

No interest if tax dues paid before March 31

Municipal administration minister Manugunta Maheedhar Reddy on Monday said no interest would be collected on property tax dues in municipalities and corporations if the tax is paid before this March 31.

The municipal authorities usually collect interest on late payment of property taxes. “No interest will be collected if the dues are paid before March 31. The layout regularisation schemes (LRS) will be extended by three more months in newly formed Nagara Panchayats,” he said.

The minister said arrangements have been made to face drinking water crisis in summer. “There won’t be any drinking water problem in Hyderabad till July,” he said.

When asked about conducting elections in municipalities and corporations, the minister said elections would be conducted only after the poll process for mandals, grama panchyats and zilla parishads gets completed.

 

Sole reviews property tax collection

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The Times of India                  12.03.2013

Sole reviews property tax collection

NAGPUR: Though the Nagpur Municipal Corporation's property tax department has already surpassed last year's target, performance of three zones - Ashi Nagar, Satranjipura and Hanuman Nagar - is much below expectations.

This was revealed during a review meeting convened by mayor Anil Sole on Monday. "So far, the property tax collection by Ashi Nagar zone is 33.29%, Satranjipura 43.85% and Hanuman Nagar 59.89% against their targets. Gandhibagh zone topped with 74.14% collection," officials of the department informed the mayor.

Later, Sole directed the assistant municipal commissioners of all the 10 zones to accelerate their tax recovery drives as the current fiscal is nearing end. The mayor urged them to clear the pendency of mutations in their respective zones and hold camps to dispose of cases.
Last Updated on Tuesday, 12 March 2013 10:09
 


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