The three corporations of south Delhi, east Delhi and north Delhi, are accepting property tax dues and conversion charges in demonetised notes, resulting in a rush of property owners in November, which is normally a lean period with respect to tax revenue collection.
See also: Ban on 500 and 1,000 rupee notes: Short-term shock, long-term benefit for property market
The South Delhi Municipal Corporation (SDMC) received property tax earnings of Rs 3 crores. On November 13, 2016, the collection was Rs 2.50 crores, while it was Rs 50 lakhs on the first day of the exercise, which was started after demonetisation of 500 and 1,000 rupee notes, said a senior SDMC officer.
The North Delhi Municipal Corporation (NDMC) collected over Rs 3 crores as property tax and conversion charge. It was Rs 1.17 crores till the night of November 13, said a senior official of the civic body. Property tax collections of the East Delhi Municipal Corporation (EDMC), stood at Rs 1.35 crores, till 6 PM on November 13, said a senior EDMC officer.
People are preferring to clear their dues using old notes, rather than going to overcrowded banks to deposit their money, the officials said.
Press Trust of India (PTI), headquartered in New Delhi, is India’s largest news agency. It was registered in 1947 and started operations in 1949. PTI has more than 400 journalists and 500 stringers, who generate more than 2,000 stories and 200 photographs every day. Subscribers to PTI’s feed include the mainstream media, research groups, specialised presses, companies, government organisations and NGOs.
Facebook: https://www.facebook.com/PressTrustofIndia
Twitter: https://twitter.com/PTI_News
Email: [email protected]
Related Posts
MCD property tax calculator and online house tax payment in Delhi.
SC slams LG for inaction in clearing ‘mountains of garbage’ in Delhi.
Over 300 construction sites in Delhi penalised for dust pollution.
SDMC provides high-tech ID cards to property tax payers.
NDMC to launch property tax portal, with mutation facilities.
SC asks Delhi LG to set up committee, to oversee solid waste management.
