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Dip in Collection of Property Tax

The tax collection figures in the months from April to November 2013 are set to affect the income figures of

Published: 05th February 2014 10:26 AM  |   Last Updated: 05th February 2014 10:26 AM   |  A+A-

The tax collection figures in the months from April to November 2013 are set to affect the income figures of the Corporation budget, which is just two days away. The Demand Collection Balance (DCB) statement in the period shows the collected property tax (current demand) is 32.42 per cent, whereas, the arrear demand is in a sorry state of just 13.63 per cent.

 The dip in the collection of arrears in property tax is justified by the officials as ‘bogus’ figures. “Some public buildings are seeking tax exemption. Also, there are demolished buildings and those that have to be written off. In the demand figures, they all come up,” said a top official who oversaw the DCB preparation activities. The official said that, to this, the statement of December 2013 will also be added along with a statement from January to March prepared by assuming the figures based on the statement of previous year.

 However, the Finance Standing Committee members say that could not bring big differences in the amount to be furnished in the budget to be presented. 


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