Institutions to be taxed?
THE MAYOR-IN-COUNCIL (MiC) chaired by Mayor Sunil Sood proposed an amendment in a section of the Municipal Corporation Act, suggesting recall of exemption from property tax on educational institutions.india Updated: Jan 20, 2006 01:03 IST
THE MAYOR-IN-COUNCIL (MiC) chaired by Mayor Sunil Sood proposed an amendment in a section of the Municipal Corporation Act, suggesting recall of exemption from property tax on educational institutions.
However, the proposal would take the shape of law only after the approval of the State Assembly. Several other decisions were also taken in the MiC today.
The MiC proposed amendment in section 136, which gives exemption from property tax to the educational institutions. While imposition of property tax, the MiC reasoned that the educational institutions have become commercial establishments and charging heavy fees from students.
The proposal would be sent for the approval of the Bhopal Municipal Corporation (BMC) council. Afterwards, it would be forwarded to the State Government. If it ratified by the Assembly, the BMC could earn an extra amount of Rs 2 crore through property tax from such institutions.
Another proposal concerning developmental works in old Kabadkhana was also approved. It is proposed that a loan of Rs 7 crore would be taken for the development at Kabadkhana. The MiC also discussed the proposal of increasing the lease rent of this market, which is owned by BMC.
The MiC also approved a proposal pertaining the maintenances of tree guards and taking care of saplings through private contractors.
It is proposed that the BMC would charge a fee on these contractors in exchange of space for the advertisement. There are 2800 saplings are planted in the City recently.
The MiC approved a proposal to lease out the platform occupied by the traders in Sant Hirdaram Nagar. There are 174 platforms, which are owned by BMC.
The MiC discussed a proposal that the factories and industrial establishment being run in the City should take permission from the Bhopal Municipal Corporation (BMC). However, the proposal is yet to be adopted by the MiC.
First Published: Jan 20, 2006 01:03 IST