The News Caravan

Tag: tax

  • People Not In A Position To Bear The Burden Of Paying The Property Tax At This Stage: KCC&I

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    SRINAGAR: The Kashmir Chamber of Commerce & Industry (KCC&I) has expressed its opposition to the government’s decision to impose property tax in Jammu & Kashmir. In a recent meeting of the Executive Committee, the KCC&I stated that the sentiment of trade, commerce, and industry in the union territory is low, and people are not in a position to bear the burden of paying the property tax at this stage.

    The KCC&I believes that Jammu & Kashmir has undergone a long spell of disturbed periods during which time businesses and citizens have suffered and depleted their assets and lifetime savings. While some sectors have shown signs of revival, it is not advisable to burden people with more taxes, especially considering the post-Covid economic scenario.

    The KCC&I draw the attention of authorities to the global sentiment of revival and requests them to reconsider imposing property tax, at least until the economic scenario stabilizes. The Union Territory of Jammu & Kashmir being a landlocked tier 3 state, cannot be compared justifiably with Delhi, Chandigarh, or other UT or states, the KCC&I added.

    The KCC&I appeals to the administration to put the notified property tax on hold, and instead consult with stakeholders before making any decision. The KCC&I remind authorities that property tax was levied in the past but had to be withdrawn for obvious reasons.

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    #People #Position #Bear #Burden #Paying #Property #Tax #Stage #KCCI

    ( With inputs from : kashmirlife.net )

  • Lt Governor’s statement on Property Tax

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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 )

  • Property Tax To Improve Financial Self-Sustainability Of Cities And Improvement Of Public Amenities: LG

    Property Tax To Improve Financial Self-Sustainability Of Cities And Improvement Of Public Amenities: LG

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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 )

  • Property Tax To Be Used For People’s Welfare, Better Facilities: Govt

    Property Tax To Be Used For People’s Welfare, Better Facilities: Govt

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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 )

  • PDP takes out protest march against imposition of property tax in J-K

    PDP takes out protest march against imposition of property tax in J-K

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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 )

  • Property tax to be used for people’s welfare, better facilities: Govt

    Property tax to be used for people’s welfare, better facilities: Govt

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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 )

  • People Use Internet Data, Buy I-Phones, Why Cry Over Nominal Property Tax: LG Sinha Asks

    People Use Internet Data, Buy I-Phones, Why Cry Over Nominal Property Tax: LG Sinha Asks

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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 )

  • In J&K people use internet data, buy I-phones, why hue & cry over nominal property tax: LG Manoj Sinha

    In J&K people use internet data, buy I-phones, why hue & cry over nominal property tax: LG Manoj Sinha

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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 )

  • PAN Aadhaar Link: Income Tax Department has issued a deadline

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    PAN Aadhaar Link: Income Tax Department has issued a deadline! PAN card holders do this work immediately


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    The Income Tax Department has issued a warning to the PAN card holders, asking them to link Aadhaar immediately, otherwise the PAN card will become inactive. Deadline has also been announced for this.

    The method of linking PAN online has also been told and for this the fee has also been fixed for it. The Income Tax Department has told the PAN card holders that according to the Income Tax Act 1961, all the PAN holders who do not come under the exemption category, should link their PAN number with Aadhaar number before March 31, 2023. In case of non-linkage, your PAN will be canceled from April 1, 2023 under Section-139AA of the Income Tax Act. After this the PAN card can never be used. PAN card holders

    will have to pay late fees for linking PAN, the Income Tax Department has said that till July 1, 2022, the process of linking PAN with Aadhaar has been free.

    But, now the deadline to link PAN has been extended till March 31, 2023 and for this PAN holders will have to pay Rs 1000 as late fee.

    Online process to link PAN-Aadhaar

    1. PAN card holders first go to the e-filing website of the Income Tax Department (www.incometaxindiaefiling.gov.in).
    2. After this register yourself on the website. Here PAN number will be your user ID.
    3. Now login by entering User ID, Password and Date of Birth.
    4. Link Aadhaar option will appear on the website, click it.
    5. Now go to the profile setting of your account.
    6. As soon as you go to the profile setting, the option to link Aadhaar card will appear, select it.
    7. Now fill your Aadhaar number and captcha code.
    8. After this, click on the ‘Link Aadhaar’ option shown below.
    9. After completing this process, your PAN card will be linked with Aadhaar.

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    #PAN #Aadhaar #Link #Income #Tax #Department #issued #deadline

    ( With inputs from : kashmirpublication.in )