The Hindu 30.08.2012
Merchants propose alternative tax
Representatives of about 12,000 merchants in Kolhapur
said that they were ready to pay city development tax (CTD) as an
alternative source of income of the Kolhapur Municipal Corporation
(KMC). The municipality is facing a cash crunch after merchants refused
to pay local business tax (LBT). Sadanand Korgaonkar, convener of
Kolhapur Merchants Association, said that if CTD was introduced, the
merchants would respond positivel.
— Correspondent
