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Pune civic body may restart amnesty scheme for property tax, Real Estate News, ET RealEstate

Pune civic body may restart amnesty scheme for property tax, Real Estate News, ET RealEstate
PUNE: The Pune Municipal Corporation (PMC) is contemplating reintroducing an amnesty scheme for property tax defaulters. It introduced the scheme last year too and recovered around Rs500 crore from defaulters.

“The previous scheme received a good response and high revenue was generated. The civic body hopes to replicate last year’s success by coming up with a similar scheme,” Hemant Rasane chairman of the standing committee, told TOI.

He said while the terms and conditions of the amnesty scheme are likely to repeated, a final call on the exact discount has to be taken. A 75% discount on the penalty may be offered.

According to Rasane, the civic body has around 4.5 lakh property tax defaulters, of which around 1.5 lakh have cleared their dues. Nearly 3 lakh defaulters can expect to avail the benefits of the scheme, if reintroduced. Dues amounting to Rs2,500 crore are pending.

The civic areas have 11.26 lakh properties, which are liable to pay the tax. The number has gone from around 9.26 lakh to 11.26 lakh after the merger of 23 villages.

Opposition parties had objected to a blanket waiver in the previous scheme. They had demanded a cap of Rs50 lakh so that habitual offenders don’t get undue benefit of the scheme.


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