Interest on property tax dues waived

HYDERABAD: In a one-time concession, the government on Sunday waived interest on arrears of property tax of previous years and also for current financial year in all municipalities and municip

Published: 26th March 2012 04:39 AM  |   Last Updated: 16th May 2012 09:45 PM   |  A+A-

HYDERABAD: In a one-time concession, the government on Sunday waived interest on arrears of property tax of previous years and also for current financial year in all municipalities and municipal corporations, including Greater Hyderabad Municipal Corporation, in state.

The government issued a GO, Ms 138 dated March 25, 2012, waiving interest on property tax. But it laid down the condition that the waiver can be availed only if the tax arrears are paid in one lumpsum or in instalments by March 31.

It directed the civic bodies to adjust interest, if already paid against property tax payments for the next financial year. No cash refund will be given. In Greater Hyderabad, 9 to 9.5 lakh owners have paid tax, of whom 6.5 lakh have paid it along with interest

Stay up to date on all the latest Hyderabad news with The New Indian Express App. Download now
(Get the news that matters from New Indian Express on WhatsApp. Click this link and hit 'Click to Subscribe'. Follow the instructions after that.)

Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp