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GHMC aims to double property tax revenue

Wednesday, 05 May 2010 05:43 administrator
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The Hindu 05.05.2010

GHMC aims to double property tax revenue

Special Correspondent

Collecting data from various sources to issue notices

 

Details to be checked with census data to correct anomalies

All the required information will be made ready by May-end

HYDERABAD: Property tax defaulters beware. Greater Hyderabad Municipal Corporation (GHMC) is collating data from various sources to issue notices for the current financial year of 2010-2011, with an aim to double its tax collection by plugging leaks in the tax net.

Having sourced household information from the Central Power Distribution Company Limited (CPDCL) and Hyderabad Metropolitan Water Supply & Sewerage Board (HMWSSB) a few months ago, it is gathering data about business properties and trades from the commercial taxes department.

It also plans to compare household details gathered during the census operations with its own available record to correct anomalies. All the required information will be made ready by the end of next month. Once the data is integrated from different software, special notices would be issued to households and commercial properties having tax discrepancies, said Additional Commissioner (Finance) S. Harikrishna.

“We are estimating to get at least one lakh more non-assessed households into our tax net and a substantial number of commercial properties too. We can easily touch the Rs 1,000 crore in property tax collection if we are able to get the correct data,” he explained.

Targeting big fish

Last year, tax revenue had just crossed the Rs 500 crore mark, thanks to the Government extending the penalty waiver for one more month till April. “We received Rs 18.57 crore last month alone,” he pointed out and admitted that targeting big fish had fetched good collection.

Mr. Harikrishna said all the data pertaining to Building Penalisation Scheme (BPS) had been gathered and that his staffs were going through the 94,000 already processed forms; 34,000-odd ineligible applications and almost equal number eligible applications awaiting final proceedings to compare and contrast with their own available information about the properties.

All ineligible BPS applications would straightaway attract 25 per cent extra tax, he affirmed. Last year of the 11.43 households, about 8.5 households had paid the property tax.

Close to 3.5 lakh are commercial properties and he is aiming to get 10 per cent more into the tax net. In the meantime, regular demand notices are to be issued for the first half of the year within a month.

Last Updated on Wednesday, 05 May 2010 05:47
 

Property tax: no more interest waiver

Wednesday, 05 May 2010 05:39 administrator
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The Hindu 05.05.2010

Property tax: no more interest waiver

Special Correspondent

HYDERABAD: Municipal Administration Minister Anam Ramanarayan Reddy has ruled out any further extension of interest waiver on payment of property tax by citizens in 15 municipal corporations and 110 municipalities that ended on April 30.

At present, a 2 per cent interest is collected per month from the owner as penalty on non-payment of property tax from the date from which it is due to the civic body, working out to 24 per cent per annum.

The government, however, had announced a waiver of the penalty in case of those who remit the property tax before March 31 and extended the same till April 30.

Speaking to reporters here on Tuesday, Mr. Reddy said the property owners had paid Rs 600 crore tax during this period stood to gain nearly Rs. 100 crore due to the waiver. The Greater Hyderabad Municipal Corporation, on the other hand, received Rs. 355 crore, while allowing a waiver benefit of Rs 72 crore.

The Minister made it clear that the government would not compensate for the loss suffered by the civic bodies due to the waiver.

Last Updated on Wednesday, 05 May 2010 05:41
 

Trader-NDMC meet fails, protest to continue

Thursday, 29 April 2010 11:14 administrator
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Indian Express 29.04.2010

Trader-NDMC meet fails, protest to continue

Express News Service Tags : Trader-NDMC meet fails, delhi Posted: Thursday , Apr 29, 2010 at 0125 hrs

New delhi: After repeated complaints from the traders of the New Delhi area over implementation of the new property tax laws based on the Unit Area Method (UAM), the Delhi government on Monday held a conference between the traders and officials of the New Delhi Municipal Council (NDMC) at the Delhi Secretariat.

NDMC officials said they decided to provide some rebates in property tax to commercial establishments and to senior citizens running such establishments.

Traders, however, maintain that with most of their demands not addressed, they will keep up their protests against the new laws.

The NDMC had come up with the Unit Area Method in 2009 to homogenise tax collections in the areas under its jurisdiction. The agency claimed to have taken up the property tax model adopted by the Municipal Corporation of Delhi (MCD). Traders, however, claim the NDMC has made several changes in the MCD model.

Rajiv Mehra, a shop-owner in Khan Market and president of the Khan Market Traders’ Associations told Newsline that while earlier he was paying Rs 100 per year as property tax, this year he has to pay Rs 15,000.

“The basic complaint, however, is the NDMC values all properties at the same rate. This means a shop in Khanna Market will pay the same amount of tax as Khan Market shop, despite the fact that the Khan Market shop will be earning a lot more,” Mehra said. According to the new laws, each property owner has to pay a flat basic rate of Rs 1,000 per square feet. In MCD areas, the more commercially viable areas pay more than the rest. Another meeting will be held soon.

Last Updated on Thursday, 29 April 2010 11:18
 
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