Rajasthan Offers 100% Rebate on UD Tax Interest if Filed by March 31
ECONOMY & POLICY

Rajasthan Offers 100% Rebate on UD Tax Interest if Filed by March 31

To encourage timely payment of urban development (UD) tax, the local self-governance department has announced a 100 per cent rebate on interest for those who pay their UD tax in lump sum for the year 2023-24. However, this benefit will only be available to those who submit the payment by March 31.

Additionally, for lump sum payment of pending UD tax from cases before 2011-12, a 50 per cent discount on the principal amount, along with exemption from penalties, has been offered. For house tax, a 50 per cent discount on the principal and a 100 per cent discount on interest have been provided.

Urban development tax applies to all residential units or land over 300 square yards and to commercial, institutional, and industrial units larger than 900 square feet.

Kumar Pal Gautam, Director of the local self-governance department, stated that these exemptions would remain in effect until March 31. He also warned that if defaulters fail to pay their dues on time, even with these exemptions, action would be taken against them. However, he clarified that cases related to tax already paid would not be reopened, nor would any amounts deposited be refunded.

To help urban bodies meet their tax collection targets, the state government provides annual exemptions on UD tax and house tax. Despite these efforts, civic bodies typically fall short of meeting their targets by the end of the financial year.

As the financial year 2024-25 progresses, revenue officials have begun inspecting properties with significant unpaid taxes, alongside private firms contracted by the municipal corporation for tax collection from residents. In the coming months, zone-wise camps will be set up throughout the city for UD tax collection, along with special camps for marriage gardens to collect tax. In the previous financial year (2022-23), JMC Greater collected a total of Rs 690 million from UD tax, house tax, and advertisement tax.

"Join industry leaders at RAHSTA Expo, India's premier platform for roads, highways and traffic infrastructure. Register now to explore innovations, network with experts and shape the future of mobility."

To encourage timely payment of urban development (UD) tax, the local self-governance department has announced a 100 per cent rebate on interest for those who pay their UD tax in lump sum for the year 2023-24. However, this benefit will only be available to those who submit the payment by March 31. Additionally, for lump sum payment of pending UD tax from cases before 2011-12, a 50 per cent discount on the principal amount, along with exemption from penalties, has been offered. For house tax, a 50 per cent discount on the principal and a 100 per cent discount on interest have been provided. Urban development tax applies to all residential units or land over 300 square yards and to commercial, institutional, and industrial units larger than 900 square feet. Kumar Pal Gautam, Director of the local self-governance department, stated that these exemptions would remain in effect until March 31. He also warned that if defaulters fail to pay their dues on time, even with these exemptions, action would be taken against them. However, he clarified that cases related to tax already paid would not be reopened, nor would any amounts deposited be refunded. To help urban bodies meet their tax collection targets, the state government provides annual exemptions on UD tax and house tax. Despite these efforts, civic bodies typically fall short of meeting their targets by the end of the financial year. As the financial year 2024-25 progresses, revenue officials have begun inspecting properties with significant unpaid taxes, alongside private firms contracted by the municipal corporation for tax collection from residents. In the coming months, zone-wise camps will be set up throughout the city for UD tax collection, along with special camps for marriage gardens to collect tax. In the previous financial year (2022-23), JMC Greater collected a total of Rs 690 million from UD tax, house tax, and advertisement tax.

Next Story
Infrastructure Urban

ABS Marine Sees CRISIL Credit Rating Upgrade

ABS Marine Services has secured an upgrade to its long term and short term credit ratings from CRISIL, reflecting improved profitability and revenue growth through long term contracts. CRISIL moved the long term rating from BBB+/Stable to A-/Stable and revised the short term rating from A2 to A2+. The action signals strengthened financial metrics and operational resilience. The company benefited from durable client relationships with firms such as ONGC and Schlumberger. The rating decision followed stronger cash flows and an enlarged bank loan facility, which increased from Rs 3,705 million (m..

Next Story
Infrastructure Transport

Project BRAHMANK Marks 16 Years Of Strategic Roads In Arunachal

Project BRAHMANK is marking 16 years of work to establish strategic road and bridge links across Arunachal Pradesh, maintaining and developing 811 kilometres of roads and nearly 86 bridges that range from small culverts to large steel and arch bridges. These transport links are described as critical for ensuring year-round movement of defence personnel, equipment and essential supplies while improving everyday travel for people in remote villages. The project balances national security requirements with regional development by focusing on reliable access in challenging terrain. Notable enginee..

Next Story
Infrastructure Transport

Longleng CSOs Give One Week Ultimatum Over Two-Lane Highway

Civil society organisations (CSOs) in Longleng district have demanded immediate restoration of the deteriorating Changtongya–Longleng two-lane road and sought a detailed status report on the stalled construction within one week. The demand followed a consultative meeting convened under the Phom Peoples' Council (PPC) to discuss welfare and development concerns. PPC president YB Angam Phom said prolonged non-maintenance had caused hardship to commuters and affected transportation, local commerce and the district's development. The meeting urged authorities to undertake immediate restoration a..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement