Friday, March 29, 2024
HomeNewsTop NewsNMC brings 21,000 new properties under tax net

NMC brings 21,000 new properties under tax net

The number of total properties under the tax net in Nashik city has increased to 4.61 lakh. An NMC official said they have recovered a total of Rs 24 crore towards current tax demand and dues of the last few years from the property owners.

The Nashik Municipal Corporation (NMC) has brought around 21,000 new residential and commercial properties under the tax ambit between April and September this year.

With this new addition, the number of total properties under the tax net in Nashik city has increased to 4.61 lakh. An NMC official said they have recovered a total of Rs 24 crore towards current tax demand and dues of the last few years from the property owners.

The NMC will get an additional revenue of Rs 8-10 crore through addition of new properties, said the official. The civic body had conducted a survey of properties and found 59,000 new properties in the city that have come up around two years ago. So far, the NMC has conducted hearings and assessments of 39,000 properties and some of the properties have been brought under tax net.

The NMC has plans to complete the hearing of remaining 20,000 properties by the end of the financial year and bring maximum properties under the tax net.

Meanwhile, revenue collection of the NMC has been badly affected due to the ongoing pandemic. While the civic body has set a property tax collection target of Rs 160 crore for the current financial year, it could collect only Rs 80 crore till date.

The NMC recovers 2% fine per month on tax dues from the last day of paying taxes. Moreover, it also recovers expenses of notices and warrants issued to the tax defaulters.

The NMC has already introduced an amnesty scheme for the property tax defaulters in order to increase revenue collection through property tax.

As per the amnesty scheme, 90% of rebate on penalty amount is to be given to the defaulters if they pay their dues between August 16 and October 15 this year, while 70% rebate will be given if taxes are paid between October 16 and November 31. A 50% rebate on penalty will be given if dues are cleared between December 1 and 31, 2021.

RELATED ARTICLES

Most Popular

Hot News

Customer Satisfaction Survey Template
Please help us improve our products/services by completing this questionnaire.

Would you recommend this company to a friend or colleague?

Clear selection

Overall, how satisfied or dissatisfied are you with our company?

Clear selection
Part 2/4: Service/Product Assessment

Which of the following words would you use to describe our products/services? Select all that apply.

Clear selection

How would you rate the quality of the website? (from 1 to 10)*

Clear selection
Part 3/4:Customer Care

How responsive have we been to your questions or concerns about our products/services?

Clear selection

At what email address would you like to be contacted?

Clear selection
Part 4/4: Additional Feedback

Do you have any other comments, questions, or concerns?

Clear selection