Business Standard

SDMC implements tax amnesty scheme

Image

Press Trust of India New Delhi
The SDMC today implemented with immediate effect an amnesty scheme for property tax assesses that covers all residential properties falling in unauthorised colonies and urbanised and rural villages.

The scheme that will remain operative till January 31 next year, was earlier approved by the Standing Committee of the South Delhi Municipal Corporation.

Mayor Kamaljeet Sehrawat asked the property owners in unauthorised colonies to come forward and avail the scheme, the civic body said in a statement.

The scheme to provide substantial relief to the residential property tax assesses in unauthorised colonies along with urbanised villages and rural villages was earlier approved by the standing committee's chairman, Bhupender Gupta, the SDMC said.
 

Gupta said under this amnesty those property holders in unauthorised colonies will become entitled for a 100 per cent remission of the amount relating to interest and penalty, on making a payment of the amount due on property tax by January 31.

He said the scheme will include the owners of all such properties, who have not submitted the tax return from April 1, 2004, or not submitted return on regular basis or the owners whose assessment has not been done from 2004 and ahead.

"Further all residential properties in unauthorised colonies where the matter is pending before MTT or other courts will also get benefit under the scheme," Gupta was quoted as saying in the SDMC statement.

He said the owners will have to make a declaration about the period of liability of tax which will be accepted by the department.

Disclaimer: No Business Standard Journalist was involved in creation of this content

Don't miss the most important news and views of the day. Get them on our Telegram channel

First Published: Dec 16 2017 | 12:20 AM IST

Explore News