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    Published On : Thu, Jan 15th, 2015

    NMC to introduce three new taxes; property tax to increase by 40%

     

    The collection and recovery committee has also accepted the proposal. The proposal will now be tabled before the standing committee after which it will be tabled in the House and implemented from April 2015.

    LLV Tax (in Rs.)
    1-2000 18
    2001-5000 22
    5001-20000 26
    20001-50000 30
    50001 and above 34

    The tax committee has demanded a cut off in tax by 2 per cent. NMC to introduce three new taxes; property tax to increase by 40% Expected changes in tax structure

    ■ Tax to be raised from 4-8 per sq meter to 6-11 per sq meter.
    ■ The city has been divided in six categories for classification of land. Tax will be levied accordingly.
    ■ The administration has proposed a 5 per cent sewage tax, water tax and road tax, whereas the collection and recovery committee wants 3 per cent each.
    ■ The sewage tax will be raised from 12 to 14 per cent and water tax will be cut down to 10-12 per cent from 40 per cent. lokmat news network

    Nagpur: Nagpurians will be burdened with more taxes in the coming financial year as the Nagpur Municipal Corporation (NMC) plans to levy three more taxes, thus effecting a hike in property tax. The Nagpur Vikas Aghadi (NVA) has proposed a hike in property tax citing City of Nagpur CNC Act.

    The collection and recovery committee has also accepted the proposal. The proposal will now be tabled before the standing committee after which it will be tabled in the House and implemented from April 2015. Utmost secrecy is being maintained with respect to the percentage of hike, but if experts are to be believed, the hike will be a minimum 40 per cent or more.

    In addition to this, three new taxes will be introduced in the property tax, namely sewage tax, water tax and road tax. The existing 1 per cent street light tax has been dropped from the property tax.

    The new tax system is based on the annual lease value (ALV) and the tax will not be recovered on the basis of ready reckoner. However, the classification of the land will be based on ready reckoner.

    Chairman of the collection and recovery committee Girish Deshmukh informed that the proposal of the new taxes must be announced and brought up in the House for discussion in February. He informed that the system has been made to benefit Nagpurians and will have additional concessions for landscape, use or veri-compost and other steps for environmental conservation.

    The new proposals will be tabled in the House, which will have the right to undertake more research on it. The plan will be implemented only after the approval of the House.

    In the previous version, the tenant was burdened with tax and the new tax system has made flexible provisions for the same.

    100 to avoid water tax

    Water tax is levied on many citizens although they do not have any water connection. The OCW has come up with a provision for such people wherein they can pay 100 every month and do away with water tax.


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