Interest on property tax arrears to be waived
Mar 04, 2014
Source : The Times of India

 

HYDERABAD: In some good news to property tax payers, the government on Saturday issued a GO (No. 90) waiving interest on arrears and current year property tax dues up to March 31 and paving way for adjustment of interest already paid against future property tax.

Taking note of the GO, GHMC commissioner Somesh Kumar has appealed to all property tax payers, who were waiting for the government nod on interest waiver, to pay their dues immediately. "Property owners who pay the tax before March 15 will get gifts," the commissioner said.

Somesh Kumar told the media that the GHMC hopes to achieve Rs.1,250 crore target due to the interest waiver. Incentives have already been announced for bill collectors and tax inspectors who collect more than one-and-half times last year's revenue. They would be given three months' basic pay as a token of encouragement.

"We have formed five to eight teams in each circle for collection of property tax. Also, 18 special teams from the head office are being deployed to assist deputy commissioners for achieving good results. A central team, headed by additional commissioner (Planning) and comprising additional director, fire services, additional SP, vigilance & enforcement, will focus on collecting property tax from big defaulters," he added.

According to the commissioner, the GHMC has collected Rs.605 crore so far. "Clear instructions have been issued to bill collectors to achieve the target. Suitable action will be initiated against officials who fail to reach their target," the commissioner warned.

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