The Times of India 30.12.2010
Property tax rebate scheme gets lukewarm response
AHMEDABAD: The ongoing tax incentive and rebate scheme of Ahmedabad
Municipal Corporation (AMC) on property has got a lukewarm response from
the citizens, according to leader of opposition in AMC, Badruddin Sheikh. AMC had last month announced that defaulters will get a 50 per cent rebate on property tax interest rates and penalties.
Municipal Corporation (AMC) on property has got a lukewarm response from
the citizens, according to leader of opposition in AMC, Badruddin Sheikh. AMC had last month announced that defaulters will get a 50 per cent rebate on property tax interest rates and penalties.
Under the new and old formula, AMC has tax arrears
totalling Rs 1,600 crore. Also, against the expected collection of Rs
629 crore as arrears in the current financial year, AMC has collected
only Rs 331 crore.
“The property tax collection this year is
just 50 per cent of the expected amount. Also, the current rebate scheme
has neither helped the citizens nor AMC. So, I have requested the
authorities to extend it for two more months and also give a 100 per
cent rebate on interest levied on defaulters,” said Sheikh.
The present rebate scheme will come to an end on December 31.
