Six lakh homes smaller than 40 sq metre to get full tax exemption

In addition, if these property owners clear their dues for 2020-21 between June 1 and August 31, they will be eligible for 100% rebate on interest dues.

45
PROPERTY TAX

The standing committee offered more relief to several Amdavadis by exempting 6.49 lakh homes measuring 40 sq m or less from paying any taxes – be it for property, water or general conservancy.

In addition, if these property owners clear their dues for 2020-21 between June 1 and August 31, they will be eligible for 100% rebate on interest dues.

The committee proposed an additional Rs 576-crore budget works over the municipal commissioner’s proposed Rs 7,475-crore budget proposal, taking the budget value to Rs 8,051 crore.

With a new Rs 15-crore mid-size hospital near Zydus hospital, the committee also announced 70% property tax relief for trust-run hospitals and physiotherapy centres in municipal-owned buildings.

A few additional projects have been proposed by the committee. Interestingly, the final budget proposed for 2021-22 is still 16.8% less than Rs 9,685-crore budget that was suggested for the previous financial year.

A break up of the present budget reveals developmental works worth Rs 285 crore in addition to revenue expenditure of Rs 318 crore, that were suggested by councillors for the final budget. This was decided at a meeting held by municipal standing committee members at AMC’s Danapith office.

“The budget will now be placed before the general board for approval within five days for approval,” says a senior official in the municipal secretary office.