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Pune civic body organises Lok Adalat to resolve pending property tax cases, Real Estate News, ET RealEstate

Pune civic body organises Lok Adalat to resolve pending property tax cases, Real Estate News, ET RealEstate
PUNE: The Pune Municipal Corporation (PMC) has organised a Lok Adalat to resolve the long-pending property tax cases.

It will be conducted on September 25.

“As many as 500 cases will be resolved using this alternative dispute resolution mechanism. The civic body will offer 50% discount on penalty if the tax defaulter agrees to clear the dues,” said Hemant Rasane, chairman of the standing committee. He said that PMC can generate Rs 52 crore from the pending tax cases in Lok Adalat.

As per the PMC officials, the civic body has crossed the mark of Rs 1,000 crore in property tax collection on Friday which is nearly Rs 211 crore higher than the corresponding period of last financial year. PMC data shows that owners of 6.26 lakh properties paid the tax this year from April 1 to August 27, 2021.

According to PMC officials, the property tax is charged based on the annual ratable value of the property. The civic body gives two options for tax payment. They include offline as well as online.

Octroi and Local body tax were the main sources of income for PMC. But after their abolition property tax gives the highest revenue to the civic body. PMC earns around Rs 14000 crores to Rs 16,000 crore per year through this tax.


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Written by Realty Beat

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