Residents relieved as no house tax for another 6 months
Chandigarh city residents are relieved as the formalities over imposing the house tax on residential properties and revision of tax rates of commercial properties will take at least another six months or more.
Chandigarh administration needs to issue a notice of communication to the MC as it has already sent many reminders regarding impose of house tax. Officials of UT say since the Fourth Delhi Finance Commission has now directly intervened and started discussing the issues with MC over financial matters and funds, the grants will be released as per their guidelines and laid down parameters.
K K Sharma, advisor to UT administrator cleared that they are not going to intervene into the matter right now. However, he said, he hopes that that MC will itself take positive note on the issue and impose the house tax as per the guidelines for the betterment of the city.
With the financial position of MC deteriorating, the civic body had to sign an MoU with government of India to impose house tax to get grants for developmental works.
To read more real estate news:
Real estate demands tax modification in budget 2012
Source: The Times of India
Chandigarh, Chandigarh Administration, Fourth Delhi Finance Commission, house tax, Residential properties
[...] Residents relieved as no house tax for another 6 months [...]