Property tax assortment up by 20 per cent for BMC on this fiscal - TechyWebTech
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Property tax assortment up by 20 per cent for BMC on this fiscal

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    MUMBAI: With just one week left for the present monetary yr to finish, the Brihanmumbai Municipal Company (BMC) revealed that it was capable of recuperate solely 4,762 crore in property tax quantity since April 1 final yr in opposition to the annual goal of 5,400 crore.

    Property tax is without doubt one of the main sources of income for the civic physique and figures shared by the Evaluation and Assortment (A&C) division of the BMC highlights that the income generated from property tax assortment elevated by 20 per cent, or 8,200 crore, within the present monetary yr, because the civic physique was capable of recuperate solely 3,940 crore throughout this era final yr.

    Tax restoration dropped for the BMC ever for the reason that pandemic started, because of which the civic physique set a goal to recuperate round 7,000 crore in property taxes this fiscal. Nonetheless, this was later revised to 5,400 crore in February 2021 retaining in thoughts the potential of extra Covid-19 waves sooner or later.

    Senior civic officers have attributed the surge in tax restoration to the systemic marketing campaign and aggressive motion that the BMC has been capable of take in opposition to defaulters.

    “The civic elections had been alleged to happen throughout March this yr, and retaining this in thoughts we had expedited the method of tax restoration from October itself. The superior method gave us extra time to plan and work, resulted in elevated assortment at slower, but constant, method,” stated Vishvas Mote, assistant municipal commissioner and in-charge of A&C division.

    Of the overall quantity, the very best restoration of 2,362 crore was comprised of western suburbs, adopted by 1,401 crore from the island metropolis and 999 crores from the jap suburbs.

    Out of the 24 municipal wards in India’s monetary capital, the very best restoration of 435 crore was comprised of Okay/east (Andheri East) ward, adopted by 404 crore from H/East (Bandra east) and 396 crore from Okay/West (Andheri west, Juhu, Ville Parle).

    The information additionally confirmed that 202 crore was collected from A ward, which covers the prosperous Cuffe Parade and Nariman Level areas, and 202 crore from D ward, which covers areas like Malabar Hill and Grant Highway.

    Mote additionally stated that within the present fiscal, the BMC has taken motion in opposition to a number of tax defaulters, which additionally expedited the restoration course of.

    In the meantime, Ravi Raja, former Congress corporator and chief of opposition (LoP) within the BMC, stated that the civic physique failed to satisfy its tax targets set earlier as they gave rebates to some outstanding builders within the metropolis.

    “There are some builders who owe the civic physique property tax amounting to just about 1,500 crore. The BMC doesn’t pursue them promptly, leading to deficit in income era,” stated Raja.

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