Few takers for tax rebate offer likely | india | Hindustan Times
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Few takers for tax rebate offer likely

india Updated: Jun 19, 2006 11:59 IST
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THE BHOPAL Municipal Corporation (BMC) order for rebate in property tax to those who have installed water harvesting devices is not likely to encourage many to go for it. The reason being the one-off rebate — only in the first year of installment the device.

The BMC administration recently issued orders to zonal offices telling that house owners having proper water harvesting device should be given one-time rebate of six per cent in property tax. The rebate facility is extended for only one time in the year of device installment. The rebate would not given to those who installed the device earlier.

According to information, the applicant will have to apply to take the benefit of the rebate. Upon receiving application, the BMC officials will do physical verification of the device.

However, the BMC officials do not find it an encouraging rebate offer for building owners. “The device costs anywhere between Rs 10,000 to Rs 20,000 depending on the size of building. The six per cent rebate will not be an attractive offer for citizens,” said a BMC zonal officer.

Minister for Urban Administration and Development Jayant Malaiya had recently said the State Government would introduce penalty clause in the Municipal Corporation Act for those not installing the device in buildings.

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