Lifestyle

Bill passed to simplify property tax collection in Kolkata

[ecis2016.org] The West Bengal assembly has amended the Kolkata Municipal Corporation Act, to empower the KMC to limit the increase as well as decrease in property tax to a certain extent and also enable self-assessment of one’s property tax

The Kolkata Municipal Corporation (Amendment) Bill 2016, was passed in the West Bengal assembly on December 15, 2016, to simplify the assessment and collection of property tax and make the entire process more transparent.

You are reading: Bill passed to simplify property tax collection in Kolkata

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The state’s municipal affairs minister, Firhad Hakim, said that it was necessary to amend the Kolkata Municipal Corporation Act, 1980, to empower the KMC to limit the increase as well as decrease in property tax to a certain extent, under the Unit Area Assessment system, from the present system of assessment by applying a cap on it.

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With this bill, self-assessment of one’s property tax would be possible, minus the ‘inspector raj’, he said. In calculating the interest payable, a fraction of a rupee in the amount of the bill on which the interest is to be calculated, shall be rounded off to the nearest rupee. For example, 50 paise will be treated as rupee one, Hakim said.

Source: https://ecis2016.org/.
Copyright belongs to: ecis2016.org

Source: https://ecis2016.org
Category: Lifestyle

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