Last chance to pay house tax minus fine | india | Hindustan Times
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Last chance to pay house tax minus fine

india Updated: Jul 03, 2009 01:11 IST
HT Correspondent

If you have been evading property tax till now, be sure to pay your pending dues before October 31. Failure to do so will invite a penalty of 30 per cent plus one per cent per month on the tax due.

The Municipal Corporation of Delhi (MCD) has come up with an amnesty scheme where tax defaulters have been given a last opportunity to pay their property tax before October 31.

And they will not have to pay any interest nor will any penalty be charged from them if they pay within this date.

The MCD standing committee cleared a proposal to this effect on Thursday.
“Property owners will have to file self assessment property tax returns from 2004 onwards and will have to provide proof of their property.,” said Ram Kishan Singhal, chairman of the standing committee of the MCD.

Singhal said according to the Survey of India, a large number of property owners had net been paying tax.

“Property tax is one of the major sources of revenue for us and we want more people to get into the net. If they fail to do so, they will have to pay an interest of one per cent per month on the tax due as well as 30 per cent penalty on the amount due,” Singhal said.

A survey is being carried out to identify property owners who have not been paying tax to the civic body.

According to the figures available with the civic body, a total of 9.46 lakh people have been paying tax to the MCD.

“The Survey of India has given us an assurance that property details of the survey will start coming to the MCD from July onwards,” said Singhal.

“It is presumed that a substantial chunk of non-paying properties belong to unauthorised/regularised and rural and urbanised villages,” he said.

The civic body has come up with this amnesty scheme as it felt defaulters were not coming-up to pay tax on account of the interest component as well as penalty provision.