|     |     |    |    |     |     |  
Pune civic body collects Rs 20 crore pending property tax under amnesty scheme
not available
Pune civic body collects Rs 20 crore pending property tax under amnesty scheme
Publish on : 2020-10-15 12:22:42
The Pune Municipal Corporation (PMC) officials stated that over 7,000 property owners have cleared their dues so far. Under the scheme, which is valid until the end of November, the property tax defaulters will receive an 80% waiver on the total fine. PUNE: The civic administration has collected Rs 20 crore from the property tax defaulters who availed of the amnesty scheme in a week since the initiative started. The Pune Municipal Corporation (PMC) officials stated that over 7,000 property owners have cleared their dues so far. Under the scheme, which is valid until the end of November, the property tax defaulters will receive an 80% waiver on the total fine. The officials said the civic administration had decided to offer incentive to the property tax defaulters in a bid to generate revenue through tax collection in the wake of Covid-19 outbreak. Around Rs4,500 crore, including basic tax and penalty, was to be recovered from the property tax defaulters, officials said. Officials said those defaulters availing of the scheme would have to pay 2 % levy on the pending tax dues. “The civic administration introduced the scheme after getting a green signal from the standing committee. The defaulters should pay the tax dues as early as possible as it would not only reduce their tax burden, but would also help the civic body to increase its revenue,” a senior PMC official said. As per the official data, around 10.5 lakh properties are registered in the PMC limits, owners of which are expected to pay property tax every year. This year, around 4 lakh properties are yet to clear their dues. “The amnesty scheme would be promoted on a large scale in the days to come. Banners and outdoor advertisements will be used for sharing information about the benefits of the scheme. Our target is to recover at least Rs1,000 crore with the help of the scheme,” chairman of the PMC standing committee, Hemant Rasane, said.

@2019 TeamUp. All rights reserved. Site visitors are subject to our Privacy Policy and Terms of use.