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( With inputs from : kashmirpublication.in )
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Jammu, Feb 25: Lieutenant Governor Shri Manoj Sinha said citizens’ welfare is foremost priority of the government and property tax will ensure financial self-sustainability of cities and improvement of public amenities in the Union Territory.
The Lt Governor said: “Our cities must witness rapid development and emerge as engines of growth. For that financial self-sustainability of cities is necessary. Property tax in J&K will be one of the lowest in the country and will be used for improving public amenities in J&K.”
“Implementation shall be done in consultation with general public. Common citizens’ interests will be protected,” he added.(GNS)
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#Governors #statement #Property #Tax
( With inputs from : roshankashmir.net )
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SRINAGAR: Lieutenant Governor Manoj Sinha said citizens’ welfare is foremost priority of the government and property tax will ensure financial self-sustainability of cities and improvement of public amenities in the Union Territory.
In a statement LG Manoj Sinha said that our cities must witness rapid development and emerge as engines of growth. “For that financial self-sustainability of cities is necessary. Property tax in J&K will be one of the lowest in the country and will be used for improving public amenities in J&K.”
“Implementation shall be done in consultation with general public. Common citizens’ interests will be protected,” he added.
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#Property #Tax #Improve #Financial #SelfSustainability #Cities #Improvement #Public #Amenities
( With inputs from : kashmirlife.net )
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SRINAGAR: The government on Saturday said that imposing property tax is aimed at ensuring better facilities for the people.
Addressing a news conference today at TRC meeting hall here, Divisional Commissioner, Kashmir V K Bidhuri, who was accompanied by SMC Commissioner, Athar Aamir Khan clarified that 1/3rd of the population are already exempted from the property tax as their property area is less than 1000 square feet.
He added that the Jammu and Kashmir is last in the country where the property tax is being imposed. “Unlike other places, the property tax is very less. The property tax will be collected from those whose houses are built at more than 1500 square feet,” he said. He also said that the tax to be paid only once in a year.
He added that the collected amount will be used for the people and the amount will remain in the account of corporation and municipal committees only.
Bidhuri further stated that there was no option other than imposing property tax, which would be acceptable to the people, for ensuring better facilities to them.
The SMC Commissioner, while interacting with media persons, said that the tax that would be collected from people from April will be used for better facilities to people. “At present SMC’s revenue is just ten per cent compared to its requirement. This will help in ensuring better services and facilities to the people as the tax cannot be transferred to the central or state government and used for developmental purposes only,” he said.
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#Property #Tax #Peoples #Welfare #Facilities #Govt
( With inputs from : kashmirlife.net )
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Srinagar: The PDP on Saturday took out a protest march to demand roll-back of the Jammu and Kashmir administration’s decision to impose property tax in the Union Territory.
The Union Territory administration on Tuesday ordered the imposition of property tax in municipal areas from April 1. The tax rates will be five per cent of taxable annual value for residential properties and six per cent for commercial properties, it stated.
Dozens of People’s Democratic Party (PDP) activists led by Suhail Bukhari, its chief spokesperson, took out a protest march from the party headquarters near Sher-e-Kashmir Park here.
The party activists raised slogans against the imposition of the property tax and demanded its roll-back.
The protesters tried to march towards the Lal Chowk city centre but were stopped by a contingent of police near the Traffic Headquarters. They later turned back and dispersed.
Speaking to reporters, Bukhari alleged that the government was trying to economically weaken the people of Jammu and Kashmir.
“First, our political rights were taken away, then democracy was buried here, poor people were harassed in the name of demolition and their houses bulldozed.
“Now the property tax. The economic situation in Jammu and Kashmir has become worse in the last five years. There is no employment (generation), industrial sector here is weak,” he said.
The PDP chief spokesperson said the administration should have held people’s hand “but, contrary to that, the BJP government is trying to further the troubles of the people”.
He demanded that the government roll back the decision.
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#PDP #takes #protest #march #imposition #property #tax
( With inputs from www.siasat.com )
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Srinagar, Feb 25: The government on Saturday said that imposing property tax is aimed at ensuring better facilities for the people.
Addressing a news conference today at TRC meeting hall here, Divisional Commissioner, Kashmir V K Bidhuri, who was accompanied by SMC Commissioner, Athar Aamir Khan as per the news agency—Kashmir News Observer (KNO) clarified that 1/3rd of thr population are already exempted from the property tax as their property area is less than 1000 square feet.
He added that the Jammu and Kashmir is last in the country where the property tax is being imposed. “Unlike other places, the property tax is very less. The property tax will be collected from those whose houses are built at more than 1500 square feet,” he said. He also said that the tax to be paid only once in a year.
He added that the collected amount will be used for the people and the amount will remain in the account of corporation and municipal committees only.
Bidhuri further stated that there was no option other than imposing property tax, which would be acceptable to the people, for ensuring better facilities to them.
The SMC Commissioner, while interacting with media persons, said that the tax that would be collected from people from April will be used for better facilities to people. “At present SMC’s revenue is just ten per cent compared to its requirement. This will help in ensuring better services and facilities to the people as the tax cannot be transferred to the central or state government and used for developmental purposes only,” he said—(KNO)
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#Property #tax #peoples #welfare #facilities #Govt
( With inputs from : roshankashmir.net )
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SRINAGAR: Jammu and Kashmir’s Lieutenant Governor Manoj Sinha Friday said that in the UT, people use internet data, buy I-phones and pay to play videos he wonders why there was a hue and cry over imposition of nominal property tax. He was quick to add that the money collected from property tax will be used to development and welfare of the people.
Addressing a function at Jammu where LG extended Pradhan Mantri Fasal Bima Yojana ( PMFBY) to the farmers of all 20 districts of J&K, the LG as per news agency KNO, said that the administration hardly gets the power tariff and water bills paid by the people. “In J&K, people pay to use internet data, buy I-phones and play videos, I wonder why there is hue and cry over imposition of property tax,” the LG said, adding that there will be a push to the GDP in J&K once property tax will be collected.
The LG said that SAKUST-Kashmir and Jammu will be made of international standards while food security will comprise proteins as well. On February 22, Jammu and Kashmir administration ordered the imposition of property tax from April 1. In exercise of the power conferred by section 71A of the Jammu and Kashmir Municipal Act, 2000, the government hereby notifies the rules for levy, assessment and collection of property tax in the municipalities and municipal councils of the UT, housing and urban development department principal secretary H Rajesh Prasad had said in a notification. The tax rates will be 5% of taxable annual value (TAV) for residential properties and 6% for commercial properties, it stated. In another announcement, the government said that small houses were exempted from the tax and the amount fixed for commercial buildings was nominal. The government announcement, however, evoked sharp criticism from almost all the political parties who termed the move as unjustified.
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#People #Internet #Data #Buy #IPhones #Cry #Nominal #Property #Tax #Sinha #Asks
( With inputs from : kashmirlife.net )
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Jammu, Feb 24: Jammu and Kashmir’s Lieutenant Governor Manoj Sinha Friday said that in the UT, people use internet data, buy I-phones and pay to play videos he wonders why there was a hue and cry over imposition of nominal property tax. He was quick to add that the money collected from property tax will be used to development and welfare of the people.
Addressing a function at Jammu where LG extended Pradhan Mantri Fasal Bima Yojana ( PMFBY) to the farmers of all 20 districts of J&K, the LG as per news agency—Kashmir News Observer (KNO), said that the administration hardly gets the power tariff and water bills paid by the people. “In J&K, people pay to use internet data, buy I-phones and play videos, I wonder why there is hue and cry over imposition of property tax,” the LG said, adding that there will be a push to the GDP in J&K once property tax will be collected.
The LG said that SAKUST-Kashmir and Jammu will be made of international standards while food security will comprise proteins as well. On February 22, Jammu and Kashmir administration ordered the imposition of property tax from April 1. In exercise of the power conferred by section 71A of the Jammu and Kashmir Municipal Act, 2000, the government hereby notifies the rules for levy, assessment and collection of property tax in the municipalities and municipal councils of the UT, housing and urban development department principal secretary H Rajesh Prasad had said in a notification. The tax rates will be 5% of taxable annual value (TAV) for residential properties and 6% for commercial properties, it stated. In another announcement, the government said that small houses were exempted from the tax and the amount fixed for commercial buildings was nominal. The government announcement, however, evoked sharp criticism from almost all the political parties who termed the move as unjustified—(KNO)
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#people #internet #data #buy #Iphones #hue #cry #nominal #property #tax #Manoj #Sinha
( With inputs from : roshankashmir.net )
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Property Tax Money Will Be Deposited In ULB Account says Sh. Muneer Ahmed, EO MC Batote
Property Tax is proposed to be levied at 5% of Taxable Annual Value (TAV) of the Property in case of a Residential Property and at 6% of Taxable Annual Value (TAV), in case of Non Residential Property.
Earlier, on Feb 23 : In a meeting chaired by the Chief Secretary to deliberate upon misinformation created regarding property tax in Jammu and Kashmir, it was clarified that all the poor, marginalized having small houses having built-up area up to 1000 square feet have been exempted by the government from paying any property tax to be levied from April onwards this year.
It was informed that levy of property tax is essential part of urban sector reforms. Jammu and Kashmir is one of the last States/UTs to levy property tax and non-imposition of the tax was depriving local bodies to become self sustaining. Urban Local Bodies (ULBs) are required to render multiple civic services in their jurisdiction and need resources. The levy of this tax will improve the financial health of these institutions and improve services, besides creating employment.
While explaining the methodology of levying this tax in the UT, the Principal Secretary, H&UDD, Rajesh Prasad stated that there is no tax liability for those having built-up area of their houses less than 1000 sft besides the proportion of taxes is considerably lesser here than that levied in other parts of the country.
Similarly, all places of worship, including Temples, Masjids, Gurudwaras, Churches, Ziarats, Cremation grounds, Burial grounds etc are exempt from payment of property tax.
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( With inputs from : kashmirnews.in )