Ranchi Civic Body Warns Holding Tax Defaulters
Real Estate

Ranchi Civic Body Warns Holding Tax Defaulters

The Ranchi Municipal Corporation (RMC) has intensified its efforts to recover outstanding holding taxes for the financial years 2023-24 and 2024-25 (up to the fourth quarter, ending March this year). Despite previous notices, 85 property owners had not cleared their dues. Among these defaulters, Saraswati Shishu Vidya Mandir, located in Dhurwa. The RMC has published a list of defaulters along with a notice, serving as a final warning to holding owners to comply with their tax obligations and avoid potential disruptions in their businesses.

RMC assistant administrator Chandradeep Kumar mentioned that the urban civic body was committed to ensuring compliance with holding tax regulations. He emphasized that defaulters must clear their dues within seven days through the corporation’s facilitation centres or online platforms. He warned that delayed payments disrupt civic projects and that strict actions, including account freezing and property attachment, would follow for non-compliance.

For the 2024-25 financial year, the RMC had set a holding tax collection target of Rs 830 million and had already collected Rs 600 million so far. To reach this target, the corporation had issued notices to over 1,000 property owners, including 100 major defaulters, urging them to promptly clear their dues.

The RMC has determined holding tax for more than 50,000 buildings within the municipal corporation area, with a focus on properties with long-standing unpaid dues or pending commercial tax assessments. The corporation has also installed hoardings to promote online tax payments, encouraging property owners to utilize digital platforms for their convenience.

The hoardings also urged property owners to act quickly to avoid legal consequences, such as the issuance of warrants for attachment and auction of movable and immovable properties, as well as the seizure of financial instruments. Kumar added that failure to comply would result in strict legal actions under Section 184 of the Jharkhand Municipal Act.

The Ranchi Municipal Corporation (RMC) has intensified its efforts to recover outstanding holding taxes for the financial years 2023-24 and 2024-25 (up to the fourth quarter, ending March this year). Despite previous notices, 85 property owners had not cleared their dues. Among these defaulters, Saraswati Shishu Vidya Mandir, located in Dhurwa. The RMC has published a list of defaulters along with a notice, serving as a final warning to holding owners to comply with their tax obligations and avoid potential disruptions in their businesses. RMC assistant administrator Chandradeep Kumar mentioned that the urban civic body was committed to ensuring compliance with holding tax regulations. He emphasized that defaulters must clear their dues within seven days through the corporation’s facilitation centres or online platforms. He warned that delayed payments disrupt civic projects and that strict actions, including account freezing and property attachment, would follow for non-compliance. For the 2024-25 financial year, the RMC had set a holding tax collection target of Rs 830 million and had already collected Rs 600 million so far. To reach this target, the corporation had issued notices to over 1,000 property owners, including 100 major defaulters, urging them to promptly clear their dues. The RMC has determined holding tax for more than 50,000 buildings within the municipal corporation area, with a focus on properties with long-standing unpaid dues or pending commercial tax assessments. The corporation has also installed hoardings to promote online tax payments, encouraging property owners to utilize digital platforms for their convenience. The hoardings also urged property owners to act quickly to avoid legal consequences, such as the issuance of warrants for attachment and auction of movable and immovable properties, as well as the seizure of financial instruments. Kumar added that failure to comply would result in strict legal actions under Section 184 of the Jharkhand Municipal Act.

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