Over 50% of Ahmedabad taxes paid online
Real Estate

Over 50% of Ahmedabad taxes paid online

The Ahmedabad Municipal Corporation (AMC) announced that they had amassed revenue totalling Rs 10.04 billion from April 1 to September 2, with the majority of this sum originating from property tax, amounting to Rs 8.28 billion. According to the AMC, tax collection during this period experienced an increase compared to the previous year. In the first five months of the preceding fiscal year, the civic body had gathered Rs 7.16 billion. The AMC also reported that 53% of their overall tax payments were conducted online.

Jainik Vakil, the chairman of AMC's revenue committee, remarked, "The tax rebate scheme and stringent measures against defaulters have yielded favourable outcomes. We have provided rebates to early-paying taxpayers and imposed penalties on defaulters by issuing notices, sealing properties, and even auctioning off such properties."

Also read: 
UP RERA aims to revive 10,000 stalled housing units  
Boundary Holdings Executives Invest Rs 76 Crores in Delhi Land 


The Ahmedabad Municipal Corporation (AMC) announced that they had amassed revenue totalling Rs 10.04 billion from April 1 to September 2, with the majority of this sum originating from property tax, amounting to Rs 8.28 billion. According to the AMC, tax collection during this period experienced an increase compared to the previous year. In the first five months of the preceding fiscal year, the civic body had gathered Rs 7.16 billion. The AMC also reported that 53% of their overall tax payments were conducted online. Jainik Vakil, the chairman of AMC's revenue committee, remarked, The tax rebate scheme and stringent measures against defaulters have yielded favourable outcomes. We have provided rebates to early-paying taxpayers and imposed penalties on defaulters by issuing notices, sealing properties, and even auctioning off such properties. Also read:  UP RERA aims to revive 10,000 stalled housing units  Boundary Holdings Executives Invest Rs 76 Crores in Delhi Land 

Next Story
Real Estate

Pecan Realty Completes Rs 1.5 Billion Transactions

Pecan Realty has recently completed four institutional transactions worth over Rs 1.5 billion over the past two years, strengthening its position as an execution-led real estate platform. The deals include resolution-led acquisitions, structured finance transactions and capital partnerships across its development portfolio.The transactions covered acquisitions through the National Company Law Tribunal process and helped provide repayment or exits to both private and public sector lenders. The company said the deals demonstrate its ability to resolve complex project situations, work with instit..

Next Story
Real Estate

SNN Estates Expands North Bengaluru Housing Project

SNN Estates has announced an expansion of its SNN Estates Felicity residential project in North Bengaluru following strong buyer demand, with 75 per cent of the first-phase inventory sold within three days of launch.The developer will add 76 apartments in the new phase, taking the project's estimated revenue potential to around Rs 1,000 crore upon completion of Phase 2.Spread across 6.5 acres in Rachenahalli, near Manyata Tech Park, the project comprises 604 apartments in 1.5, 2, 2.5, 3 and 4 BHK configurations. The development includes a 50,000-sq-ft clubhouse with amenities such as sports co..

Next Story
Infrastructure Urban

SCG Drives ASEAN Industrial Transformation Strategy

SCG is strengthening its focus on ASEAN as a key growth region by advancing industrial transformation, enhancing competitiveness and building resilient regional value chains. Thammasak Sethaudom, President and Chief Executive Officer, SCG, highlighted the need for industries to continuously develop capabilities, strengthen resilience and deepen regional cooperation to achieve sustainable long-term growth.SCG views ASEAN as an important growth engine alongside China, supported by favourable demographics, trade connectivity and investment flows. With ASEAN’s GDP projected to grow by around 4.7..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement