Industrialists agree to deposit tax in 3 days
THE END to face-off between the Bhopal Municipal Corporation (BMC) and Govindpura industrialists over property tax appears to be in sight with the latter agreeing to deposit the tax within three days.india Updated: Feb 15, 2006 01:35 IST
THE END to face-off between the Bhopal Municipal Corporation (BMC) and Govindpura industrialists over property tax appears to be in sight with the latter agreeing to deposit the tax within three days.
Once tax deposition is over, the BMC would send a proposal to the State Government seeking its clearance for reducing the property tax rates.
The industrialists of Govindpura today met Minister for Urban Administration and Development Jayant Malaiya at his residence. Mayor Sunil Sood was also present.
Malaiya is learnt to have assured the industrialists that a suitable decision would be taken over the corporation proposal for lessening property tax after seeking the opinion of Finance Department. During the discussion, Mayor Sunil Sood said
all the corporation taxes were in keeping with the Municipal Corporation Act provisions.
However, it was decided that the industrialists would pay the dues at the rate of Rs 14 per square foot and other cess. The State Government would later take decision. It was decided that this amount would be deposited within three days. Besides, the post-dated cheques could also be submitted.
The BMC administration had increased the property tax to Rs 27 per square foot in 2000. Earlier, this amount was Rs 10.80 per square foot from 1995 onwards. According to the Municipal Corporation Act, the municipal corporations cannot reduce the property tax. However, the municipal corporations are authorised to increase taxes.