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SDMC proposes to hike tax, cut rebate to increase revenue

Updated: Jan 14, 2019 10:27:08am
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SDMC proposes to hike tax, cut rebate to increase revenue

New Delhi, Jan 14 (KNN) In an effort to increase revenue, the South Delhi Municipal Corporation (SDMC) has recently proposed to cut rebates and increase property taxes in its budget for the next fiscal.

However, such proposals are subject to approval from the house, which had previously forced the withdrawal of similar moves, said a senior SDMC official privy to the matter.

The civic body, in addition to steps to increase revenue, has also pinned hopes on its door to door drive to identify tax defaulters.

Those submitting the property tax on time will now enjoy a rebate of 10% down from 15%, as per SDMC commissioner.

He has also proposed to reduce the same rebate given to physical challenged, senior citizens and women from 30% to 20%.

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