50% Discount in Tax Recovery

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Source: http://www.dnaindia.com/mumbai/report-tax-defaulters-who-pay-dues-by-march-10-to-get-50-discount-2180914

Tax defaulters who pay dues by March 10 to get 50% discount

NAVEETA SINGH | Tue, 23 Feb 2016-07:05am , Thane , dna

In a safer move to collect pending taxes, TMC has announced amnesty scheme for tax payers

After trying to collect tax by shaming and naming tax evaders and playing band outside their homes, the Thane Municipal Corporation (TMC) has now opted for a safer route. The civic body has, now announced, a 50% discount on the penalty amount for Thanekars who have been evading payment of water and property tax. However, there is a condition to it, the dues have to be paid by March 10, this year. The TMC has announced its amnesty scheme for water tax and property tax payers for the year 2016-17. Under this scheme, all those who want to pay the above taxes but have been avoiding them due to huge penalty, can pay the amount along with a 50% off on the penalty.

Sandip Malvi, public relation officer, TMC, said, "The condition is that, the tax payers have to pay their dues and the penalty amount minus the discount at once, by March 2016." Also, the defaulters have to pay the water and property tax for the current year, 2016-17 during the first six months of the billing cycle. A TMC official said, paying the current year tax during first six months after April 2016 is one of the conditions to avail the 50% amnesty on penalty amount. "This is because many people enjoy the discount and do not pay the current year's tax amount. They do this, hoping, when the amnesty is announced next year, they will again take the benefit," added the official.

"If they fail to pay to pay the current year's water tax in the first six months of the billing cycle and property tax in the first three months, then they will be penalised again," he said. The tax evaders then will have to pay the discount availed by them on penalty along with due interest levied on it. Earlier to make people pay their dues on time, TMC had resorted to all possible measures such as playing a band outside their homes, making their names public by issuing a list of defaulters. With the fiscal year approaching its end, it seems the civic body has decided to take the familiar route of discounts as nobody can resist a good discount.