KMC Unveils Innovative Tax Waiver Scheme!
The Kolkata Municipal Corporation (KMC) has introduced a new property tax waiver scheme to encourage citizens to pay their tax dues and earn incentives. Under the new scheme, property tax defaulters will be eligible for a 50% interest waiver and a 99% penalty waiver on the due amount if they pay their entire dues within two years.
The scheme is open to all property tax defaulters, regardless of the amount of their outstanding dues. However, there are a few conditions that must be met to be eligible for the waiver:
- The taxpayer must pay the entire outstanding amount in full within two years of the date of the scheme announcement.
- The taxpayer must not have availed of any other property tax waiver scheme in the past five years.
- The property must be located within the jurisdiction of the KMC.
The KMC has introduced a new scheme to increase revenue from property taxes and to make it easier for property owners to pay their dues. The scheme is also aimed at encouraging property owners to invest in Kolkata and contribute to its development.
To avail of the new scheme, property owners can apply online or visit the nearest KMC office. The application form must be accompanied by a copy of the property tax bill and a copy of the payment receipt.
The new property tax waiver scheme is a welcome move by the KMC. It will make it easier for property owners to pay their dues and will also encourage investment in Kolkata.
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