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Taxation

MCC approves property tax revision

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Source : The Hindu Date : 01.07.2009

MCC approves property tax revision

Staff Correspondent

MANGALORE: The council of Mangalore City Corporation has revised the property tax rates (stated as per cent of the capital value) under the self-assessment scheme (SAS).

The council in its meeting on Tuesday approved the recommendations of an expert committee constituted by the corporation to revise the tax rates. They will come into effect if the Government approves them. Mayor M. Shankar Bhat said that the Government’s approval for the revised rates might come in a month. The tax rate for commercial and non-residential buildings has been reduced from the present 2 per cent to a minimum of 0.5 per cent and a maximum of 1.5 per cent. The tax rate for residential buildings now stands at 0.6 per cent across the board. The council has revised it to a minimum of 0.3 per cent and a maximum of 0.8 per cent, depending on the plinth area. The revised rates applicable are: 0.3 per cent up to 500 sq. ft. area; 0.4 per cent between 501 sq. ft. and 1,000 sq. ft. ; 0.5 per cent from 1,001 sq. ft. to 2,000 sq. ft. ; 0.6 per cent between 2,001 sq. ft. and 3,000 sq. ft. ; 0.7 per cent from 3,001 sq. ft. to 4,000 sq. ft. ; and 0.8 per cent for 4,001 sq. ft. and above.

Vacant sites have been divided into three categories: totally residential, high-density commercial, and medium-density commercial localities. Tax rate for vacant sites measuring up to 25 cents in residential locality will be 0.1 per cent, for medium-density commercial locality 0.15 per cent, and for high-density commercial locality 0.2 per cent. Owners of vacant sites measuring more than 25 cents will pay 0.1 per cent to 0.2 per cent for the first 25 cents, depending on the density of the locality. For the remaining area, they will be charged at 0.01 per cent to 0.1 per cent.

Last Updated on Thursday, 02 July 2009 07:04
 

MCD extends timings for property tax payment

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Source : The Hindu Date : 30.06.2009

MCD extends timings for property tax payment

Staff Reporter

NEW DELHI: With Tuesday being the last day for availing of the 15 per cent rebate on property tax payment in the Capital, the Municipal Corporation of Delhi has decided to extend the timings of all its zonal offices and headquarters to meet the extra rush.

Timings

The offices would remain open from 9 a.m. to 9 p.m. on Tuesday.

“Do not delay”

A civic body official said on Monday: “Failure to deposit the tax by Tuesday would mean losing the rebate applicable for making timely payment up to June 30 and also attract interest for delayed payment.”

Last Updated on Tuesday, 30 June 2009 08:09
 

‘Extend deadline for tax payment’

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Source : The Hindu Date : 30.06.2009

‘Extend deadline for tax payment’

Special Correspondent

BANGALORE: M. Ramachandrappa and S.T. Somasekhar, spokespersons of the Karnataka Pradesh Congress Committee, on Monday demanded that Bruhat Bangalore Mahanagara Palike Commissioner Bharat Lal Meena extend the deadline for payment of property tax due for 2008-09, up to March 2010.

Addressing presspersons, they urged Mr. Meena not to burden the owners with any penalty, who would pay property tax after June 30, the deadline fixed by the BBMP. It was the State Government and the BBMP, which were guilty of not collecting the tax from the owners in the city and the defaulters should not be penalised with a monthly interest of 2 per cent from July 1, they said. It worked out to 24 per cent, a year, which was more than what the banks charged.

Moreover, under the Karnataka Municipalities Act, the owners could pay property tax during the whole year and it should not be restricted to only two months. They alleged that the Commissioner had been represented a few days ago in this regard, but he had not replied to their memorandum.

The leaders said that more than 35 per cent of the owners, especially the poor and women/widows had not paid the property tax and urged that they should be given sufficient time to pay it. Instead of winning the confidence of the citizens, they alleged that the BBMP was threatening them with siezure and auctioning the properties.

Last Updated on Tuesday, 30 June 2009 07:33
 


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