logo
A year after filing PT3 forms, many property owners await 40% tax sop

A year after filing PT3 forms, many property owners await 40% tax sop

Time of India12-05-2025
1
2
3
Pune: Many property owners who submitted
PT3 forms
last year are still waiting for their 40% tax discount. PMC officials have attributed the delay to issues like incomplete documentation and pending administrative formalities.Kothrud resident Manasi Kulkarni said people were made to run from pillar to post to fill the forms last year.
"But the discount has not been reflected. Now, we have been left hanging in balance about our property tax payment," she said.N N Deshpande, a resident of Bavdhan, said the administration should make the system of submission and cross-verification easy. "An online system should be in place to file the application. That way, it could be tracked online. We came to know about the issues with the tax discount after a year when the new bills were published. Such a delay is frustrating," he said.Samir Paranjape of Sinhagad Road said the administration should also set up a system to reach out to people and update them about the tax status. "There is no update from PMC on our form submission. We keep checking if the discount has been applied or not. A simple SMS and email giving detailed information about the actual tax and discount must be forwarded to those who are seeking the discount," he said."The citizens can approach the local ward offices or property tax head office and check why the tax discount is not reflected. If all the due process is followed, the changes should be applied in the bills," said a senior official of PMC's property tax department.Activists claimed that the administration was unable to provide clarity about the changes in the tax amount. "The property tax bills are creating confusion. The owners should get a clear idea about the exact bills and how much discount has been offered. Despite repeated reminders, the administration has not made the changes," Vivek Velankar of Sajag Nagrik Manch, a citizens' group, said. Pune: Many property owners who submitted PT3 forms last year are still waiting for their 40% tax discount. PMC officials have attributed the delay to issues like incomplete documentation and pending administrative formalities.Kothrud resident Manasi Kulkarni said people were made to run from pillar to post to fill the forms last year. "But the discount has not been reflected. Now, we have been left hanging in balance about our property tax payment," she said.N N Deshpande, a resident of Bavdhan, said the administration should make the system of submission and cross-verification easy. "An online system should be in place to file the application. That way, it could be tracked online. We came to know about the issues with the tax discount after a year when the new bills were published. Such a delay is frustrating," he said.Samir Paranjape of Sinhagad Road said the administration should also set up a system to reach out to people and update them about the tax status. "There is no update from PMC on our form submission. We keep checking if the discount has been applied or not. A simple SMS and email giving detailed information about the actual tax and discount must be forwarded to those who are seeking the discount," he said."The citizens can approach the local ward offices or property tax head office and check why the tax discount is not reflected. If all the due process is followed, the changes should be applied in the bills," said a senior official of PMC's property tax department.Activists claimed that the administration was unable to provide clarity about the changes in the tax amount. "The property tax bills are creating confusion. The owners should get a clear idea about the exact bills and how much discount has been offered. Despite repeated reminders, the administration has not made the changes," Vivek Velankar of Sajag Nagrik Manch, a citizens' group, said.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

NBCC expects revenue to double by FY28 at around ₹25,000 crore
NBCC expects revenue to double by FY28 at around ₹25,000 crore

Time of India

time5 hours ago

  • Time of India

NBCC expects revenue to double by FY28 at around ₹25,000 crore

NEW DELHI: State-owned NBCC Ltd expects its revenue to reach around Rs 25,000 crore in 2027-28, more than double from the last financial year, on the back of a huge order book of Rs 1.2 lakh crore. NBCC Ltd is into project management consultancy (PMC) and real estate businesses. Replying to a query in a conference call with analysts regarding projected revenue, the company's management said, "This year Rs 14,000 crore to Rs 15,000 crores. Next year, there will be Rs 18,000 crores to Rs 19,000 crores. And 2027-28 around Rs 25,000 crores." During 2024-25, NBCC Ltd posted a net profit of Rs 557.42 crore and a total income of Rs 12,272.99 crore. The transcript of the conference call was posted on the stock exchanges on Monday. The NBCC management said that its consolidated order book stood at Rs 1.2 lakh crore at the end of the April-June quarter of this fiscal and expressed confidence that the same will cross Rs 2 lakh crore in the next 2-3 years. "I think, next two years, three years, our order book will be more than Rs 2 lakh crore," the management said, adding that the company was in discussions with various States and public sector enterprises to secure more contracts. NBCC has reported a 26 per cent increase in its consolidated net profit to Rs 135.03 crore for the first quarter of the current fiscal on higher income. Its net profit stood at Rs 107.19 crore in the year-ago period. The total income grew to Rs 2,465.48 crore during the April-June period of 2025-26 fiscal from Rs 2,196.20 crore in the corresponding period of the preceding year.>

Attack on ward councillor: HC stays arrest of Patna mayor, son
Attack on ward councillor: HC stays arrest of Patna mayor, son

Time of India

timea day ago

  • Time of India

Attack on ward councillor: HC stays arrest of Patna mayor, son

1 2 Patna: Patna high court has stayed the arrest of city mayor Sita Sahu and her son Shishir Kumar, wanted for allegedly assaulting ward councillor Jeet Kumar during a general body meeting of Patna Municipal Corporation (PMC) on July 11. A single bench of Justice Shailendra Singh, while hearing a criminal writ application filed jointly by Sahu and her son, passed the order on Aug 14, however, the same was made available on Monday. The HC also ordered the state director general of police to ensure a fair and impartial investigation into the case registered at Gandhi Maidan police station. Besides, the court directed the police to furnish CCTV camera footage of the alleged incidents of assault and ruckus that took place during the general body meeting of the PMC, seeking a reply within a week. The petitioners' counsel, Ansul, argued that the case against his clients is a "classic example of abuse of police machinery to wreck political vengeances". "The accusations against Sita and Shishir comprised minor offences mostly bailable in nature, except for one offence (of wrongful restraint), which carries punishment of three years' imprisonment. The Supreme Court, almost a decade ago, had ruled that in matters of crime containing minor punishments (less than seven years), police are duty bound to give a notice of appearance to an accused instead of arresting them. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like American Investor Warren Buffett Recommends: 5 Books For Turning Your Life Around Blinkist: Warren Buffett's Reading List Undo But in the case of Sita, the police are hell bent on handcuffing her and Shishir despite the alleged crimes involving minor punishments," he said. Appreciating the submissions of Ansul, Justice Singh said that this case seems to be a misuse of police machinery and directed Patna police to file its reply within a week. This matter will be heard again on Aug 22. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area.

Khadakwasla circle may get 10 TMC water from Mulshi
Khadakwasla circle may get 10 TMC water from Mulshi

Time of India

time5 days ago

  • Time of India

Khadakwasla circle may get 10 TMC water from Mulshi

Pune: Technical studies and surveys to bring around 10 TMC water from Mulshi dam to the Khadakwasla circle will be expedited according to a decision taken during a meeting held under the chairmanship of state water resources minister Radhakrishna Vikhe Patil in Mumbai on Wednesday. The proposal is crucial since it would help meet the increasing water demand of the city and rural areas. Daund MLA Rahul Kul, who attended the meeting, said the discussion ended on a positive note. "Nearly 7 TMC to 11 TMC water can be lifted from Mulshi in the initial phase. The minister directed officials to initiate all necessary steps to give the plan a shot in the arm," he said. You Can Also Check: Pune AQI | Weather in Pune | Bank Holidays in Pune | Public Holidays in Pune | Gold Rates Today in Pune | Silver Rates Today in Pune The MLA said he has been pursuing the matter with the state for years. "Water from Mulshi dam will have to be utilised for Pune district in the coming years. Water consumption from the four dams in Khadakwasla circle has increased in areas under Pune Municipal Corporation (PMC), affecting farming activities and the populace in rural regions. The situation may become critical in the future. Making arrangements to bring in water from Mulshi must not be delayed. However, the said proposal will undergo various technical and administrative procedures, besides clearance from the state water resources regulatory authority and the state govt," Kul added. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like A Teaspoon Before Bed Burns Body Fat - Fit Into Your Clothes Again! gofitlifeguide Click Here Undo PMC officials said they have already approached the state govt. A state-appointed expert committee has recommended that Mulshi water can be brought to the city and that the proposal should not be delayed further. In the last week of July, civic officials had put forth the same demand during a meeting held by Vikhe Patil at PMC headquarters to discuss water-related issues. The minister had told reporters that the state govt was positive towards granting 10 TMC water from Mulshi to the city and rural areas. He also mentioned that PMC must take efforts to reduce water leakage and wastage. Sources from the irrigation department said teams are already working on the technical aspects of the proposal. "It is a major challenge to bring water from Mulshi to Khadakwasla circle. We are conducting surveys and studies to make it possible. All surveys and reports will be completed on priority. Mulshi water is being used for power generation, at present," they added. Stay updated with the latest local news from your city on Times of India (TOI). Check upcoming bank holidays , public holidays , and current gold rates and silver prices in your area. Get the latest lifestyle updates on Times of India, along with Happy Independence Day wishes , messages , and quotes !

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store