Lifestyle

SDMC extends ambit of property tax amnesty scheme to all colonies

[ecis2016.org] The South Delhi Municipal Corporation has extended an amnesty scheme that provides 100 per cent remission on interest and penalty on property tax, to residents of all types of colonies

The South Delhi Municipal Corporation (SDMC), on March 12, 2018, extended the ambit of an amnesty scheme to provide substantial relief in property tax, to residents of all types of colonies, officials said. The scheme, proposed late in 2017, earlier applied to only property-owners in unauthorised colonies. Under the scheme, residents will become entitled to 100 per cent remission of the amount relating to interest and penalty, on making the payment of the amount due by March 31, 2018, the SDMC said in a statement.

You are reading: SDMC extends ambit of property tax amnesty scheme to all colonies

Read also : PE inflow into realty to touch new high, exceed USD 4 billion in 2017: Knight Frank report

[ecis2016.org] SDMC nod to tax amnesty scheme for unauthorised colonies

The SDMC has ‘extended the benefit of 100 per cent waiver of interest and 100 per cent penalty under the amnesty scheme to all type of properties, in all type of colonies, providing substantial relief to the residential property tax assesses’, it said. The extended scheme will include the owners of all those properties, who have not submitted tax return from April 1, 2004, or not submitted return on a regular basis, or the owners whose assessment has not been done from 2004 and ahead, or dues pending prior to 2004, chairman of the SDMC standing committee Bhupender Gupta, was quoted as saying in the statement.

Read also : Tata Value Housing Destination 150 at Noida – Project Overview

Further, all properties where the matter is pending before the MTT (Municipal Tax Tribunal) or other courts, will also get benefit under the scheme, he said.

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

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

Related Articles

Leave a Reply

Your email address will not be published.

Back to top button