Ahmedabad Municipal Corporation extends property tax deadline
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Ahmedabad Municipal Corporation extends property tax deadline

Ahmedabad Municipal Corporation (AMC) has extended its 10% rebate scheme for advance tax payment up to July 30 due to an increase of Rs 153.68 crore in property tax collection.

Officials told the media that property tax collected between April 1 and July 15 this year recorded an increase of 50%, compared to the same time in 2020.

The officials said that AMC witnessed a 70% increase in the collection from the eastern parts of the city. Nikol, Viratnagar, Gomtipur, Odhav, Vastral, and Amraiwadi recorded the highest rise of 90%.

From the central zone and the western parts of the city, AMC observed a 50% rise in the collection. The rise was witnessed in advance tax payment on commercial properties more than residential units.

Moreover, officials said that the rise in vehicle tax was also a sign that more vehicles had been sold this year compared to the previous year.

In 2020 within April 1 and July 15, the collection was Rs 7.32 crore. This year it was Rs 28.69 crore, an increase of Rs 21.37 crore.

The overall tax collection of AMC, which consists of property tax, vehicle tax and professional tax, was Rs 347.93 in 2020 throughout the same period, which grew by 54% and was Rs 536.45 this year.

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Also read: North Delhi civic authority extends property tax submission deadline

Ahmedabad Municipal Corporation (AMC) has extended its 10% rebate scheme for advance tax payment up to July 30 due to an increase of Rs 153.68 crore in property tax collection. Officials told the media that property tax collected between April 1 and July 15 this year recorded an increase of 50%, compared to the same time in 2020. The officials said that AMC witnessed a 70% increase in the collection from the eastern parts of the city. Nikol, Viratnagar, Gomtipur, Odhav, Vastral, and Amraiwadi recorded the highest rise of 90%. From the central zone and the western parts of the city, AMC observed a 50% rise in the collection. The rise was witnessed in advance tax payment on commercial properties more than residential units. Moreover, officials said that the rise in vehicle tax was also a sign that more vehicles had been sold this year compared to the previous year. In 2020 within April 1 and July 15, the collection was Rs 7.32 crore. This year it was Rs 28.69 crore, an increase of Rs 21.37 crore. The overall tax collection of AMC, which consists of property tax, vehicle tax and professional tax, was Rs 347.93 in 2020 throughout the same period, which grew by 54% and was Rs 536.45 this year. Image Source Also read: North Delhi civic authority extends property tax submission deadline

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