Panjab Govt launch One time Tax pay Settelment Scheme
Punjab's Council of Ministers (COOM) on Friday approved a one-time settlement Scheme to regularize unauthorized water and sewerage connections, along with the time-limit window, home loans / pending property taxes Besides taking back Punjab's local government minister Navjot Singh Sidhu had indicated this move last week. This plan will be extended to recover the dues of water and sewerage charges.
The total outstanding for the home tax and property tax was 306.84 crores on June 30, 2017. As a result, urban local bodies have estimated a loss of Rs 110 crore per annum on this count, from which the department had asked to present the proposal. Taxing
An official spokesman said under this scheme, it was proposed that the defaulter would be given a window of three months from the date of notification of the plan to deposit his arrears with a discount of 10%. These defaulters can also make their outstanding deposits with normal interest over the next three months.
The Department will initiate action against those who do not pay their dues even within six months of notification. This action will include deduction and recovery of arrears with interest and penalties
Similarly, the department has also started 'one time settlement' for regulating the unauthorized water and sewerage connection at subsidized fines and rates. It is estimated that about 15% to 20% of all municipal cities in the state have unauthorized water connections.
The total outstanding for the home tax and property tax was 306.84 crores on June 30, 2017. As a result, urban local bodies have estimated a loss of Rs 110 crore per annum on this count, from which the department had asked to present the proposal. Taxing
An official spokesman said under this scheme, it was proposed that the defaulter would be given a window of three months from the date of notification of the plan to deposit his arrears with a discount of 10%. These defaulters can also make their outstanding deposits with normal interest over the next three months.
The Department will initiate action against those who do not pay their dues even within six months of notification. This action will include deduction and recovery of arrears with interest and penalties
Similarly, the department has also started 'one time settlement' for regulating the unauthorized water and sewerage connection at subsidized fines and rates. It is estimated that about 15% to 20% of all municipal cities in the state have unauthorized water connections.
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