SDMC to include more properties in tax net
Delhi: Under the budget estimate for 2013-2014, South Delhi Municipal corporation (SDMC) has spared a hike in property tax for their residents.
The corporation will focus on the collection of property tax and will not increase the tax rate and no additional tax or surcharge will be applied. The corporation is trying to bring more properties under the tax net.
The SDMC aims to bag Rs 702 crore next financial year from Rs 581 crore in 2012-2013. Although the corporation restricts itself from increasing the tax rates for residential and self-occupied commercial properties.
Rates have increased for the rented commercial properties. A to E categories will pay 15 – 20 percent more and F, G and H categories properties will pay 15 percent more in property tax. Likewise the rate of industrial properties have also increased from 12 – 15 percent.
The SDMC Commissioner Manish Gupta, said while presenting Rs 2,995 crores budget, they aim to collect more tax through including maximum number of properties in the tax net and not by increasing the tax rate.
“Mission sampoorna” is the recovery and collection procedure property tax is using the rule of reform. As per SDMC Commissioner 12 lakh properties will come under the tax net and the corporation needs to tap them rather than increasing the parking fee and also discouraged rampant use of private vehicles and promote the use of public transport.
7 new townships on Delhi-Jaipur e-way to get go ahead
Delhi Property tax, house tax delhi, india properties, india property, indian property, indian property tax, Indian real estate, Indian Tax, indiaproperty, Properties in India, Property dealers, property india, property tax, property tax delhi, Property tax in Delhi, property tax online, Property tax payment, Real Estate India, Tax, Tax in, Tree Plantation Drive
[...] SDMC to include more properties in tax net googletag.cmd.push(function() { googletag.display('div-gpt-ad-1349265301547-19'); }); Tags: [...]