back to top
Jammu80% people almost won’t be paying property tax: LG

80% people almost won’t be paying property tax: LG

Date:

Tawi, Mar 2: Lieutenant Governor Manoj Sinha Wednesday stated the J&K Property Tax (slab) was devised in such a manner that less than Rs 1000 would have to be paid per annum and “in a way, eighty percent of people (in the municipal areas) almost would not be paying it.”

He stated that even those, who would be covered under the tax slabs, would pay it at nominal rates.

LG Sinha was responding to the media queries after inaugurating the GST symposium and tax awareness initiative ‘Kar-Tavya' for industries, traders associations, DDOs and other stakeholders at the Convention Centre here.

“Annually, the people (in the municipal areas) will have to pay less than Rs 1000. So I would say, in a way almost there is no tax for eighty percent of people. Yes it has been imposed upon some people,” he said.

“Even they would be paying it at a very nominal rate, if you compare it to the other cities of the country. I'm not talking about Delhi, Chandigarh or Mumbai. But if you will just compare it (tax slab) to the rate imposed in , here in J&K, it is less than one-tenth of the rate prevalent there (in Shimla),” the Lieutenant Governor said.

“Every year, we pay Rs 900 crore to the Urban Local Bodies (ULBs). Hence I'll request the common citizens of J&K to come forward on this account. Another important aspect which we have been highlighting is that a part of this tax will directly be credited to the account of the concerned municipality or corporation,” he added.

He pointed out that the step (imposition of property tax) was taken to make the cities of UT as the engines of its growth. “And I feel this (step) will contribute to the development of J&K in its own and big way,” he said.

Earlier even during his address, he had referred to the computation under the Property Tax Rules whereby eighty percent of the (taxable) households would have to pay less than Rs 600 per annum, which would be around Rs 50 per month.

“Our cities must witness rapid development and emerge as engines of growth. For that, financial self-sustainability of cities is necessary. Property tax in J&K will be one of the lowest in the country and will be used for improving public amenities in J&K,” he had tweeted.

“Implementation shall be done in consultation with the general public. Common citizens' interests will be protected,” he had added.

J&K administration had notified Jammu and Property Tax (Other Municipalities) Rules, 2023, on February 21. Tax will be in force from April 1, 2023.

Northlines
Northlines
The Northlines is an independent source on the Web for news, facts and figures relating to Jammu, Kashmir and Ladakh and its neighbourhood.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Share post:

Popular

More like this
Related

Amidst Heat Wave, Centre spotlights J&K under ‘Cool Summers of India’ campaign

Srinagar, May 22: With heat wave prevailing in almost...

Jammu seethes at 42°C as heat wave intensifies across J&K

Jammu Tawi, May 22: Jammu is seething at 42...

Naib Tehsildar gets clean chit

Jammu Tawi, May 22: After completion of the Regular...

Panel to review restrictions on new plant protection chemical units

Jammu Tawi, May 22: The  Jammu and Kashmir Government...