EDMC panel rejects proposed increase in taxes in budget
New Delhi Dec 29 PTI The standing committee of the BJP-led East Delhi Municipal Corporation on Wednesday rejected a proposal in the EDMC budget to increase property tax levied on residential and commercial properties officials saidThe move by the civic bodys panel the highest decision-making body of the corporation comes ahead of the civic polls due early next yearSeeking to augment its revenue the EDMC Commissioner Vikas Anand while presenting therevisedbudgetestimates for 2021-22 andbudgetestimates for 2022-23on November 26 had proposed to increase property tax levied on residential and commercial properties and drop taxation on use of cycle rickshaws milch animals and those which pull vehiclesAlso a professional tax education cess and betterment tax has been proposed in thebudgetThe EDMC panel held a meeting on Wednesday and said a series of discussion were held sincecthe budget was presented and the standing committee rejects all kinds of increase in tax proposed in the budget according to a statement issued by the EDMC quoting the panels headResidential commercial and non-residential plots are currently divided into multiple categories in the city there are no residential properties in A-B category in east Delhi officials had earlier said The EDMC budget had proposed increase in property tax for residential category as followsC-E category will be 13 per cent F-H category will be 10 per cent Presently 11 per cent tax is charged in C-E category seven per cent in F-H category a senior official saidSimilar for commercial category inA-E category it was proposed to be 15 per cent and 12 per cent in F-H category the official said The current rates are15 per cent tax in A-B category 12 per cent in C-E category and ten per cent in F-H category a senior official had saidTax levied on submission of building plan had also been increased as proposed in thebudget It has been increased to Rs 50 per sqm for area up to 50 sqm and Rs 100 per sqm for area more than 50 sqm Earlier it was Rs 5 per sqm and Rs 10 sqm respectively the official had saidAs per the EDMCbudget the revisedbudgetestimates for year 2021-22 stood at Rs 447943 cr while thebudgetestimate for the year 2022-23 stood at Rs 473577 cr PTI KND ZMN
New Delhi Dec 29 PTI The standing committee of the BJP-led East Delhi Municipal Corporation on Wednesday rejected a proposal in the EDMC budget to increase property tax levied on residential and commercial properties officials saidThe move by the civic bodys panel the highest decision-making body of the corporation comes ahead of the civic polls due early next yearSeeking to augment its revenue the EDMC Commissioner Vikas Anand while presenting therevisedbudgetestimates for 2021-22 andbudgetestimates for 2022-23on November 26 had proposed to increase property tax levied on residential and commercial properties and drop taxation on use of cycle rickshaws milch animals and those which pull vehiclesAlso a professional tax education cess and betterment tax has been proposed in thebudgetThe EDMC panel held a meeting on Wednesday and said a series of discussion were held sincecthe budget was presented and the standing committee rejects all kinds of increase in tax proposed in the budget according to a statement issued by the EDMC quoting the panels headResidential commercial and non-residential plots are currently divided into multiple categories in the city there are no residential properties in A-B category in east Delhi officials had earlier said The EDMC budget had proposed increase in property tax for residential category as followsC-E category will be 13 per cent F-H category will be 10 per cent Presently 11 per cent tax is charged in C-E category seven per cent in F-H category a senior official saidSimilar for commercial category inA-E category it was proposed to be 15 per cent and 12 per cent in F-H category the official said The current rates are15 per cent tax in A-B category 12 per cent in C-E category and ten per cent in F-H category a senior official had saidTax levied on submission of building plan had also been increased as proposed in thebudget It has been increased to Rs 50 per sqm for area up to 50 sqm and Rs 100 per sqm for area more than 50 sqm Earlier it was Rs 5 per sqm and Rs 10 sqm respectively the official had saidAs per the EDMCbudget the revisedbudgetestimates for year 2021-22 stood at Rs 447943 cr while thebudgetestimate for the year 2022-23 stood at Rs 473577 cr PTI KND ZMN
