BMC collects Rs 415 crore property tax in 1 day

BMC (Brihanmumbai Municipal Corporation) is trying hard to meet its target for collecting property tax before the end of the financial year.

On Monday the BMC collected Rs 415 crore of outstanding property tax due in a single day. With this collection, the BMC’s total tax collection from property tax has reached over Rs 3500 crore.

The civic body has been continuously collecting over Rs 100 crore per day right from starting of February month and in March the BMC has already collected around 1,100 crores from property tax defaulters.

The municipal corporation has a total outstanding property tax of close to Rs 20,000 crore, and for this purposed the civic body has not only begun attaching the property of defaulters but has also begun auctioning properties.

The civic body is facing a severe cash crunch this year owing to the Covid-19 pandemic and slew of discounts to builders and contractors.

It was said by the officials that the previous target of 20,000 crore was revised due to pandemic and a new target of Rs 4,800 crore due to the Covid-19 pandemic.

Dr. Sangeeta Hasnale assistant municipal commissioner, assessment and collection said “We have made a record collection of Rs 415 crore on Monday. In the first week of March, we have already collected over Rs 1,100 crore. We are confident that we will meet over the revised target of Rs 4,800 crore”.

She added by saying, “We have created a list of top 100 defaulters in each of the 24 wards and are focusing on recovering property tax from them,”.

For the collection of property tax, the deadline was extended to 8 of March for commercial properties and the residential once the deadline was exceeded to the end of March.

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