Property tax OTS scheme deadline extended
2
Chandigarh: The Punjab govt has extended the one-time settlement (OTS) scheme for property tax defaulters till Aug 31. Under this scheme, the govt has given an opportunity to pay the outstanding tax with a limited penalty.
The earlier deadline was Aug 15.
Punjab local govt minister Dr Ravjot Singh said property owners will now be exempted from interest penalty on depositing outstanding property tax till Aug 31.
"This scheme is applicable on total pending tax or partially paid," he said, adding that property owners can pay their outstanding taxes with a waiver of interest and penalty based on the payment deadline. After Aug 31, he said, a 50% penalty will be applicable on the outstanding amount.
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