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Taxation

Tax collection target crossed

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The Hindu 01.04.2010

Tax collection target crossed

Staff Reporter


“Property tax collections were nearly Rs.364 crore and professional tax Rs.126 crore”


CHENNAI: Chennai Corporation collected a record Rs.490 crore property tax and professional tax in the fiscal that ended on Wednesday. In the process, it crossed its target of Rs.350 crore property tax and Rs.101 crore in professional tax.

Corporation Commissioner Rajesh Lakhoni said “Property tax collections were nearly Rs.364 crore and professional tax Rs.126 crore. We have exceeded our budget target. We estimated that our collections would touch Rs.450 crore. We did not expect such an increase in professional tax figures.”

In 2007 the amount of property tax collected was Rs.220 crore and professional tax Rs.60 crore.

“In three years we have increased this by Rs.210 crore without any changes in rates of the taxes,” he added.

Senior Corporation officials said that to enhance the professional tax base a total of 82,000 notices had been sent to commercial establishments and 10 lakh individual notices. “We asked them to pay professional taxes and register themselves with the civic body. Through this 1,842 companies and individuals have registered with us,” an official said.

Through the Integrated Voice Response Services, which was launched recently for property tax assessees Rs.1.5 lakh was collected, while the amount received through online payment was Rs.4 crore.

In 2008-09 Rs.323 crore was collected as property tax.

Last Updated on Thursday, 01 April 2010 04:28
 

Property Tax to be levied on telecom towers

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The Hindu 23.03.2010

Property Tax to be levied on telecom towers

Special Correspondent

COIMBATORE: The Coimbatore Corporation proposes to levy a uniform half-yearly Property Tax of Rs. 15,000 on telecommunication towers across the city from the coming financial year.

This proposal was announced in the budget, presented in the Corporation Council on Monday by Finance and Taxation Committee Chairman R. Nandakumar.

Announcing a deficit of Rs.21.30 crore for the 2010-11 financial year, Mr. Nandakumar said the Corporation would take up a number of measures to wipe the deficit. The tax on the towers was one of the measures.

Noting that many such towers were erected on buildings and vacant sites all over the city, the proposal said a separate demand for Property Tax would be made out for these towers.

The Corporation would not merge this with the tax on the buildings because whenever the towers were removed, the owners could inform the Corporation for stopping the tax collection.

Apart from increasing revenue, the new system would also help in regulating the erection of the towers by various agencies that provide telephone services.

Stating that Profession Tax was a high revenue source after Property Tax, the Corporation said in another proposal that it would identify and bring into the tax net all individuals, Central and State Government employees and industrial units that were liable to pay the tax.

After the sewage treatment plant became functional at Ukkadam, the Corporation would sell the treated waste water for purposes other than drinking. Identifying traders omitted from Trade Licence Fee and building owners from Property Tax collection was another measure to increase revenue.

After houses were provided to slum dwellers, drinking water and sewerage connections would be provided free of cost to them. At the same time, the road side taps in the slums and other below poverty line habitations would be removed.

A proportionate number of connections would be released to other areas and revenue would be earned out of these in the form of connection and water consumption charges.

Charges for using underground drainage and garbage collection fee were among the other revenue earning options.

The financial reforms made mandatory by the Jawaharlal Nehru National Urban Renewal Mission included 100 per cent Property Tax collection.

In keeping with this, hand-held billing machines would be bought by the Corporation in order to enable on-the-spot assessment and payment of Property Tax and water charges.

Last Updated on Tuesday, 23 March 2010 06:10
 

Water tax payment on March 21, 28 too

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The Hindu 20.03.2010

Water tax payment on March 21, 28 too

 

Staff Reporter

CHENNAI: Collection centres of the Chennai Metrowater will function on Sundays (March 21 and 28) too to facilitate consumers to pay their water and sewerage taxes and charges.

A release said that the depot cash counters would be open between 8.30 a.m. and 11.30 a.m. and cash counters at area offices and head office from 9.30 a.m. and 3.30 p.m. during working days, including Saturdays.

On Sundays, the depot cash counters would be open between 8.30 a.m. and 11.30 a.m. and the other cash counters from 9.30 a.m. to 1.30 p.m.

Last Updated on Saturday, 20 March 2010 02:05
 


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