NDMC announces partial rollback of last year’s property tax hike
A proposal to this effect was cleared by the standing committee on Friday.
Following in the footsteps of the south corporation, which partially rolled back its property tax hike last month, the North Delhi Municipal Corporation on Friday decided to enact a similar partial rollback of the property tax hike that was enforced last year on the basis of the third municipal valuation committee (MVC) report.
A proposal to this effect was cleared by the standing committee on Friday. The tax relief will be applicable to the categories of vacant land, non-residential rented properties, and commercial as well industrial (vacant) land. However, the order specified that tax payers who have already filed their returns will not be refunded.
Irked by the clause, trader bodies said honest tax payers, who filed their taxes early, are being harassed. But officials argued that norms under Delhi Municipal Corporation (DMC) Act do not permit a refund in such cases. The rates were increased on August 27, 2020. Jogi Ram Jain, standing committee chairman, said a large number of property tax owners will benefit from the partial roll-back.
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