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MCC Plans Property Tax Payment online

Monday, 09 February 2009 00:00 administrator
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Source : The Business Line Date : 09.02.2009

MCC plans property tax payment online

Our Bureau

Mangalore, Feb. 8

The Mangalore City Corporation (MCC) is planning to introduce online payment of property tax from the next financial year.

Speaking at a public awareness programme on self-assessment scheme (SAS) of property tax – jointly organised by the Kanara Chamber of Commerce and Industry (KCCI) and the Mangalore branch of the Southern India Regional Council of Institute of Chartered Accountants of India (ICAI) – here on Friday evening, Mr Sameer Shukla, Commissioner of MCC, said that the corporation is planning to introduce online payment of property tax, probably from the next financial year.

The new system will be equipped with online calculator for the calculation of property tax under the SAS. Plans are also there to introduce payment of property tax through credit cards, he said.

Stating that SAS of property tax has been introduced on the basis of capital value scheme (CVS), Mr Shukla said it is the most scientific method of calculating property tax. The earlier system of fixation of property tax on the basis of annual ratable value had several discrepancies.

When the participants in the programme told him that the SAS forms are in Kannada and it would be difficult for non-Kannadigas, he said these forms would be made bilingual from the next financial year. Plans are also afoot to introduce worked-out examples in the SAS brochures, so that it will help the tax-payers while calculating their property tax, he added.

Mr Praveen Kumar Shetty, chartered accountant from Mangalore, made a presentation on the valuation procedures in SAS. Mr Srinivasa S. Kamath, President of KCCI, welcomed the gathering

Last Updated on Wednesday, 03 June 2009 07:35
 

Property tax: Mangalore City Corpn implements self-assessment scheme project

Thursday, 01 January 2009 00:00 administrator
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Source : The Business Line Date 28.01.2009

Property tax: Mangalore City Corpn implements self-assessment scheme

Our Bureau

Mangalore, Jan. 27

Payment of property tax through Self Assessment Scheme (SAS) is in force in Mangalore City Corporation (MCC) limits, according to Mr Sameer Shukla, Commissioner of MCC.

Addressing presspersons here on Tuesday, he said SAS of property tax was implemented in MCC limits on April 1, 2008, replacing the earlier ARV (annual ratable value) method of collection of property tax.

Under the old system, it was possible to pay property tax in half-yearly instalments. But under the new scheme, the entire tax for the year has to be paid in lump-sum.

Though SAS of property tax came into force in all other municipal corporations of the State, it could not be brought into force till March 31, 2008, as the council of MCC did not give its consent to SAS of property tax.

However, the Administrator of MCC, who was convinced of the need to bring into force the new taxation scheme, enforced SAS within the MCC limits from April 1, 2008. Property tax was last revised in MCC limits in 1995-96.

Mr Shukla said MCC depends basically on the property tax collection to provide different types of service and amenities to its citizens.

To help the tax payers, the MCC has made arrangements at the nearest ward offices, and at sub-offices of MCC at Surathkal and Bikarnakatte, and at the main office of the corporation in the city.

In those areas, the tax payers can obtain property tax details, fill them up, pay the tax directly to the bank and obtain receipt and submit it to the Corporation office against acknowledgements.

He called upon the property owners to pay their property taxes for 2008-09 by March 31. In case of default, steps will be taken by the Corporation to collect the taxes with penal interest from the defaulting property owners.

Last Updated on Monday, 08 June 2009 05:00
 


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