MCD receives property tax of Rs 55.37 crore under SAMRIDDHI amnesty scheme

The Strengthening and Augmentation of Municipal Revenue for Infrastructure Development in Delhi scheme came into effect on October 26 and it will end on March 31, 2023, with no further extention

tax
Under this scheme, property owners of authorised and regularised colonies can settle all property tax related liabilities by paying property tax of the residential properties for the current year and previous five years.
Press Trust of India New Delhi
3 min read Last Updated : Jan 14 2023 | 8:40 PM IST

The Municipal Corporation of Delhi has received property tax of Rs 55.37 crore under a one-time amnesty scheme launched in October 2022, officials said.

The Strengthening and Augmentation of Municipal Revenue for Infrastructure Development in Delhi (SAMRIDDHI) scheme came into effect on October 26 and it will end on March 31, 2023, with no further extension.

Under this scheme, property owners of authorised and regularised colonies can settle all property tax related liabilities by paying property tax of the residential properties for the current year and previous five years.

For commercial properties, owners can pay the principal amount of the last six years and get a waiver on the previous dues, including penalty and interest, the MCD had earlier said.

So far 29,954 citizens have taken advantage of this scheme, and have settled their property tax related cases, out of which four cases were those which were pending in courts. Property tax of Rs 55.37 crore has been received till January 11 under the scheme, the MCD said in a statement.

The SAMRIDDHI scheme is quite different from the property tax amnesty schemes introduced earlier, it said.

"In previous amnesty schemes, only interest and penalty were waived, but after applying successfully online through the present SAMRIDDHI scheme, all the previous property tax dues, even of before the year 2004, when rateable value system was prevalent, will be waived," it added.

The scheme was launched by Delhi Lt Governor V K Saxena in October 2022.

"Along with this, if any property tax payer has availed the benefit under any earlier scheme and there is any error in it, then he will not be deprived of the benefit of that scheme due to that error. Citizens can take advantage of the SAMRIDDHI scheme till March 31," the statement said.

Under this scheme, property tax payers against whom MCD has initiated action for attachment of bank account or property, whose cheques have bounced or been dishonoured previously, and action initiated against them, and taxpayers who have paid up to date tax, but all receipts are not captured online to update the system, can avail it, the statement said.

After updating the records, property tax payers will be issued a 'No Dues Certificate' till year 2023 which will protect him or her with respect to any future property tax liability, it said.

The MCD in order to successfully implement this scheme has designed a link for it on its website, where taxpayers can pay their property tax or update their records.

(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)

Subscribe to Business Standard digital and get complimentary access to The New York Times

Quarterly Starter

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

Save 46%

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Access to Exclusive Premium Stories Online

  • Over 30 behind the paywall stories daily, handpicked by our editors for subscribers

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

Topics :MCDSamriddhiProperty tax

First Published: Jan 14 2023 | 8:40 PM IST

Next Story