Ahmedabad Municipal Corporation extends incentive scheme for tax defaulters
Feb 07, 2014
Source : The Times of India


AHMEDABAD: Ahmedabad Municipal Corporation (AMC) has decided to extend the incentive scheme for tax defaulters till March 31. The decision to extend the scheme was taken after the AMC recovered Rs 125.03 crore as property tax after announcing incentives on interest for those who had not paid their property taxes.

The civic body had launched the incentive scheme to recover pending taxes, said officials. The AMC had announced that, from December 1, 2013 to January 31, 2014, 70% rebate in interest would be given for those defaulters (in the residential category) who had paid according to the new property tax formula. The new formula, which is based on the carpet area of a property, had come into force in early 2001. AMC officials said that those who had pending dues before 2000 were given 100% rebate in interest.

The AMC had also announced 50% waiver in interest for commercial property owners who had defaulted in payments.

During the two months in which the scheme was available, the civic body recovered Rs 125.03 crore from the 2,38,715 property owners. Officials said that against the collection of Rs 401.22 crore as on January 31, 2013, this year the AMC has recovered Rs 527.09 crore which was Rs 125.87 crore more than last year.

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