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Secunderabad Cantonment Board to seize assets of tax defaulters

Thursday, 09 January 2014 10:13 administrator
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Deccan Chronicle             09.01.2014

Secunderabad Cantonment Board to seize assets of tax defaulters

Hyderabad: After taking up the intensive demolition drive against illegal constructions in the last few months, the cash-strapped Secunderabad Cantonment Board has embarked on an unprecedented tax collection spree.

To reach its target of Rs 14 crore (tax due for April-December 2013), SCB even plans to seize movable assets of defaulters if they fail to pay within the notified time.

Officials warned that they would not even accept the due tax in installments from those who had not paid property tax for more than two-three years.

“In December we issued demand notices to over 245 tax defaulters to pay their dues within one month. If they fail to pay it within that time, then we will issue warrant notices with a time period of 15 days. We have orders to go ahead with attaching properties (seizure of moveable properties) of defaulters if they fail to pay within the warrant period,” said M. Narasing Rao, superintendent officer (Tax), SCB.

Some of the major defaulters are St. Andrew High School, YMCA with an outstanding of Rs 41.83 lakh, Mallareddy Estates owes Rs 22 lakh, APSRTC and Jubilee Bus Station, which owes Rs 16 lakh.

Till Wednesday, SCB had collected a total tax of Rs 8 crore. The Board is also requesting property owners to make their payments.

 

MCC to launch tax collection drive

Friday, 03 January 2014 05:24 administrator
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The Hindu               03.01.2014

MCC to launch tax collection drive

R. Krishna Kumar

It will begin this month and extend through February and March, to meet the Rs. 88-crore target

The Mysore City Corporation (MCC) will launch a property tax collection drive from this month, to meet its target of collecting Rs. 88 crore for the financial year 2013–14.

This includes arrears of Rs. 12 crore. Also, against the set target, the authorities have mopped up around Rs. 54 crore so far.

Jagadish, MCC Revenue Officer, told The Hindu that the average rate of collection for a month hovers around Rs. 2 crore to Rs. 2.5 crore.

However, the MCC invigorated its drive in December, which increased the tax collection to nearly Rs. 5 crore.

“Hence, we intend to launch a special collection drive in January and extend it through February and March to meet the target,” Mr. Jagadish said.

The authorities will fan out to all 65 wards in the MCC limits and reach out to the public to facilitate them to pay property tax in their respective wards itself.

This will not only obviate the need for the public to visit the MCC offices, but also eliminate the hassle of standing in queues.

Apart from various grants received by the government, property tax is one of the important source of revenue for the MCC, whose annual budget of nearly Rs. 400 crore is reckoned to be inadequate to meet the rising cost of providing civic amenities and infrastructure, apart from meeting the administrative or running cost. There are nearly 1.72 lakh registered properties in the MCC limits as per records. But, Mr. Jagadish said a fresh survey was on to ascertain the total number of properties — residential as also commercial — which may have come up in the city.

 

BBMP can rake in Rs 4,500 cr, if only it tries

Thursday, 02 January 2014 11:42 administrator
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Deccan Chronicle             02.01.2014

BBMP can rake in Rs 4,500 cr, if only it tries


Bangalore: The BBMP maybe on its deathbed financially, but the civic agency has the potential to earn at least Rs 4,500 crore property tax per annum and get itself out of the red.

If the property tax is collected properly, the BBMP can tide over its financial crisis in the next three years.

The estimation was given by Yediyur corporator N.R. Ramesh, who has conducted an extensive survey on the number and nature of buildings across the city and the property tax payable by them.

Giving details at the palike council meeting on Tuesday, he said that the BBMP has over six lakh commercial buildings and over 16 lakh non-residential buildings within its limits.

In its eight zones, the BBMP has not less than 30 buildings which fetch over Rs 5 crore property tax per annum. About 60 buildings have the potential to bring in Rs 3 crore, 125 buildings Rs 2 crore, nearly 400 buildings with the potential for Rs 1 crore and around 1,300 buildings Rs 50 lakh.

These have been classified as high-value assessment structures.

The BBMP has, in its limits, 1.1 lakh industrial buildings, 22,000 apartment structures, 8,000 paying guest accommodations, 53 tech parks, 107 commercial malls, 891 marriage halls, 1,200 party halls, 441 star hotels, 2,450 lodges and 2,446 medical institutions.

Ramesh said that unfortunately, the BBMP authorities are so inept that only 25 per cent of the property tax is being collected in the city, while the BBMP revenue wing is struggling to meet the target of Rs 2,000 crore per annum.

The officials need not measure the buildings. Instead, they can take details of the sanctioned building plan from the BBMP official website and re-validate them to fix the property tax. Even wrong declarations made in the Self Assessment Scheme (SAS) can be detected with this method, he suggested.

Earlier, Congress opposition leader in the council Manjunath Reddy said that despite Comptroller and Auditor General Report ordering the recovery of Rs 750 crore, the BBMP has failed miserably to collect it.

 
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