LUDHIANA: The local bodies department has started its exercise to levy property tax on city residents, for which officers of the local bodies department held a meeting with their counterparts in municipal corporation (MC) on Monday.
In the meeting that was presided over by additional commissioner Kanwalpreet Kaur Brar and attended by officers of the house tax branch and department representative BR Gupta, a proposal regarding a transparent system under which residents could assess the tax on their property themselves was mulled over.
Talking to TOI, Gupta said the purpose of the meeting was to evolve a strategy for implementation of the tax in a transparent way. The department proposed that the tax would be levied on self-assessment basis under which the person who has to pay the tax would assess his property and himself turn up to the civic authorities on a monthly or annual basis to pay the tax. If he fails to do so, he could be charged 11 times more than the tax.
Sources revealed that the department is considering the idea to levy tax in the state on the lines of that in Ahmedabad, Delhi and Jaipur. According to this pattern, the state would levy tax on plots and constructed houses in the cities on the basis of cost of its construction and that of the land.
Meanwhile, Gupta also asked the civic body officers to give the figure regarding tax collected in the last and present financial years from rented commercial properties. This move was taken to understand feasibility of any new taxes to be levied.
At present, though the state has levied 15% of annual rental value (AVR) on the buildings used for commercial purposes, it is not charging any tax on vacant plots.
In the meeting that was presided over by additional commissioner Kanwalpreet Kaur Brar and attended by officers of the house tax branch and department representative BR Gupta, a proposal regarding a transparent system under which residents could assess the tax on their property themselves was mulled over.
Talking to TOI, Gupta said the purpose of the meeting was to evolve a strategy for implementation of the tax in a transparent way. The department proposed that the tax would be levied on self-assessment basis under which the person who has to pay the tax would assess his property and himself turn up to the civic authorities on a monthly or annual basis to pay the tax. If he fails to do so, he could be charged 11 times more than the tax.
Sources revealed that the department is considering the idea to levy tax in the state on the lines of that in Ahmedabad, Delhi and Jaipur. According to this pattern, the state would levy tax on plots and constructed houses in the cities on the basis of cost of its construction and that of the land.
Meanwhile, Gupta also asked the civic body officers to give the figure regarding tax collected in the last and present financial years from rented commercial properties. This move was taken to understand feasibility of any new taxes to be levied.
At present, though the state has levied 15% of annual rental value (AVR) on the buildings used for commercial purposes, it is not charging any tax on vacant plots.
Posts
No comments:
Post a Comment