0.6 pc hike in tax on residential buildings

 
MLC M C Nanaiah proposed the hike and the decision was taken accordingly.

According to the order of Directorate of Civil Administration dated May 18, 2009, the taxes should have been hiked already.

Earlier, the tax imposed on residential buildings was 5 per cent while 7 per cent tax was charged on commercial set ups. But the Council could not go ahead with the revision of tax after opposition party took exception to the same on the grounds that it will be a burden on the people.

T M Ayyappa from Congress and Abdul Razak said that Government has been squeezing the citizens out to fill it exchequers. BJP members said that if Council fails to follow the rules set by the Government, then Council will have to invariable lose the funds to be provided by the
Government for development. Hence they said that revision of tax was inevitable.

MLC M C Nanaiah said that there is lot of difference between funds and income of Council.

“Council has not yet become self-sufficient. In case Council brushes aside the orders of the Government then progress of developmental works will suffer. It might be a burden on people but revision of tax is inevitable,” Nanaiah opined.

Commissioner K Srikanthrao said that Council is yet to receive tax of Rs 131 lakh apart from water cess of Rs 47 lakh.

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