OTS for property tax defaulters extended till August 31
Cabinet minister Dr Ravjot Singh announced the extension of the OTS scheme, which was originally set to expire on August 15. The new deadline of August 31 offers property owners more time to clear any pending or partially paid property taxes without incurring interest penalties, he said.
'The OTS scheme is applicable on total pending tax or partially paid. It enables property owners to pay their outstanding taxes with a waiver on interest and penalty. Property owners who settle their dues by August 31 will benefit from this exemption. After the deadline, a 50% penalty will be imposed on any outstanding amount,' the minister said.
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Time of India
3 hours ago
- Time of India
Deadline of tax settlement scheme extended again
Ludhiana: The deadline for the one-time settlement scheme for property tax dues has been extended for the third time, allowing residents to pay their outstanding dues without any interest and penalty until the end of August. The civic body has so far collected Rs 19 crore from outstanding dues under this scheme. However, against the annual property tax target of Rs 160 crore for this fiscal, the MC officials have collected Rs 43 crore until now. The officials claimed they will increase the pace of recovery of dues in the coming month when people clear the tax for this fiscal to avail of a 10% rebate. The PGs and migrant quarters are on the radar of the MC teams, as checking is ongoing in some areas to catch hold of the defaulters. The OTS was launched on May 15, and the defaulters were given time until July 31 to pay up. The deadline was extended to Aug 15 and now to August 31. The officials claimed they have sent teams for checking in areas like BRS Nagar, Rajguru Nagar, and the backyard of the DC office complex, where commercial activities have increased. Many people have set up PGs in their households, but they have not paid commercial tax to the civic body for many years. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Your Finger Shape Says a Lot About Your Personality, Read Now Tips and Tricks Undo The officials claimed that in the coming days, there will be more tax generation as current year tax payments will also be received. By the end of September, they expect the total tax collection to cross Rs 100 crore. MC superintendent Vivek Verma said, "The govt is giving a chance to the defaulters to clear their dues without any interest and penalty, and it the payment deadline has been extended for the third time. Residents should make the best use of it because once the OTS deadline ends, we will impose the penalty and interest rate." Meanwhile, senior deputy mayor Rakesh Prashar claimed that with OTS, the MC is collecting several pending dues from the defaulters, and now people who never came to clear their dues will come on MC records. Ward defence committee meetings baffle MC staff As CM Bhagwant Mann launched a drive to form ward defence committees in 95 wards of the city, the MC staff is also deputed in these committees. The MC officials claimed they are told to conduct ward-level meetings and create groups so that these committees could be notified by the govt and proper ID cards should be issued to them. These residents will then take care of the drugs awareness programmes in the colonies and stage nukkad nataks. They will take care of drug-related activities in the colonies and inform police. MC officials claimed they are unsure how they will manage these meetings, especially when they need to focus on tax collection and, moreover, they know nothing about drugs. 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.
Hindustan Times
a day ago
- Hindustan Times
Ludhiana MC chief appeals residents to pay pending property tax by Aug 31
After the state government extended the one time settlement (OTS) policy for pending property tax till August 31, 2025 for welfare of residents, municipal corporation (MC) commissioner Aaditya Dachalwal has appealed the residents to take maximum benefit of the policy and submit the pending property tax without any penalty or interest by August 31, 2025. The officials have been directed to reach out to the public at large and spread awareness among them. (HT Photo) MC commissioner Dachalwal held a meeting with the concerned officials regarding the recovery of pending property tax in MC Zone D office in Sarabha Nagar on Monday. The officials have been directed to reach out to the public at large and spread awareness among them, so that they can avail maximum benefit of the policy and submit the pending tax without any penalty. MC additional commissioner Paramdeep Singh, joint commissioner-cum-zonal commissioner (Zone D) Abhishek Sharma, assistant commissioner-cum-zonal commissioner (Zone A and B) Neeraj Jain, assistant commissioner-cum-zonal commissioner (Zone C) Gurpal Singh, zonal superintendents among other officials were present in the meeting. The civic body officials stated that the property tax has to be paid on a self-assessment basis every year. If the property owner fails to pay the property tax, a 20 percent penalty and 18 percent annual interest on the pending amount is charged by the civic body. Under this OTS policy, the residents can now submit the pending tax by August 31, 2025 without any penalty or interest. The pending tax can be submitted at the suvidha kendras situated in the zonal offices of the civic body. Dachalwal appealed to the residents to avail the facility and submit the pending property tax without penalty and interest by August 31, 2025. Later, MC commissioner Dachalwal also held a meeting with the building branch officials wherein the concerned assistant town planners (ATP) of all the four zones were directed to expedite the recovery of dues from the residents. Further they were also directed to act strict against illegal constructions.
Hindustan Times
2 days ago
- Hindustan Times
OTS for property tax defaulters extended till August 31
The Punjab government has extended the One Time Settlement Scheme (OTS) for clearing outstanding property taxes until August 31, 2025. The extension allows property owners to settle their dues with limited penalties and interest. OTS for property tax defaulters extended till August 31 Cabinet minister Dr Ravjot Singh announced the extension of the OTS scheme, which was originally set to expire on August 15. The new deadline of August 31 offers property owners more time to clear any pending or partially paid property taxes without incurring interest penalties, he said. 'The OTS scheme is applicable on total pending tax or partially paid. It enables property owners to pay their outstanding taxes with a waiver on interest and penalty. Property owners who settle their dues by August 31 will benefit from this exemption. After the deadline, a 50% penalty will be imposed on any outstanding amount,' the minister said.
