Revised set of taxes to be levied from August
The revised set of taxes will be imposed first on the newly constructed buildings as decided by the city corporation officials. The present tax regime will be coming into force from the month of August.
The old buildings which are being allotted by the new TC numbers will be brought under the regime only during the second phase after the implementation of the plan. Each of the old building will be reassessed in compliance with the revised norms. Only after the process of allocation of TC numbers is completed the reassessment will start. The allocation has so far been covered in 89 of the 100 wards in the corporation.
The reassessment process of the left out will be conducted only after the allocation and first phase work are completed in these buildings. This revised set of taxes will yet not be levied on the existing buildings. Without proper assessment tax cannot be levied on these pre existing buildings. How the assessments are being conducted has not been announced by the officials. Only after the complete work it will be aware as in whether the people are welcoming the new set of revised tax.
Source: The Times of India
city corporation officials, pre existing buildings, proper assessment tax, revised norms, tax regime, Taxes
