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.

Next Story
Infrastructure Urban

CRCL, IIT Delhi Sign MoU to Boost Science and Ease of Business

The Central Revenues Control Laboratory (CRCL), Central Board of Indirect Taxes and Customs (CBIC), Department of Revenue, Ministry of Finance, and the Indian Institute of Technology (IIT) Delhi signed a Memorandum of Understanding (MoU) toward trade facilitation and improving the ease of doing business. This MoU collaboration aims to foster R&D, innovation, and scientific excellence at CRCL, bolstering trade facilitation and regulatory efficiency.The MoU was signed by Prof. Rangan Banerjee, Director, IIT Delhi, and Shri V. Suresh, Director, CRCL, in presence of Shri Surjit Bhujabal, Speci..

Next Story
Infrastructure Urban

CAQM Sub-Committee Activates 27-Point Plan to Improve NCR Air Quality

The daily average AQI of Delhi has been hovering marginally above 200 threshold with forecast of slight improvement since last two days. Today, Delhi’s daily average Air Quality Index (AQI) clocked 213 (‘Poor’ category), as per the daily AQI Bulletin provided by the Central Pollution Control Board (CPCB), owing to variable winds. In wake of the average/ overall air quality of Delhi recording ‘Poor’ air quality category ranging between 201-300, the CAQM Sub-Committee on GRAP met today to take stock of the current air quality scenario of Delhi-NCR. While comprehensively reviewing the a..

Next Story
Infrastructure Urban

DoT Launches Financial Fraud Risk Indicator to Boost Cybersecurity

In a major step towards combating cyber fraud and financial crime, the Department of Telecommunications (DoT) has announced sharing of “Financial Fraud Risk Indicator (FRI)” with stakeholders- an output from a multi- dimensional analytical tool developed as part of the Digital Intelligence Platform (DIP) to empower financial institutions with advance actionable intelligence for cyber fraud prevention. This will enhance cyber protection and validation checks in case of mobile numbers flagged with this tool when digital payment is proposed to be made to such numbers.What is the “Financial ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?