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NDMC insists officers to collect tax strictly

North Delhi Municipal Corporation today insisted officers to collect taxes with sincere efforts so that it would help the body.

Standing Committee Chairman, Yogender Chandolia, said that approximately Rs 4,800 crore can be collected from regularisation of unauthorised construction, floor wise regularisation, freehold the shops transferred from the government and by charging property tax on commercial rates from Delhi Jal Board (DJB) and discoms.

Chandolia said there is a total due amount of Rs 500 crore property tax and only 40 per cent of properties may be under the tax net. An additional income of Rs 800 crore can be achieved by proper management. The Government of India has transferred 2,920 shops to the corporation which are to be freehold. It may fetch Rs 900 crore.

He added that if the Corporation have to charge property tax applicable on non-residential properties from DJB and discoms, then it will add another 100 crore.

To read more real estate news:

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Source: IBN Live

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