Summary:
Kolkata: Bringing smiles to many and in a historic move, the Kolkata Municipal Corporation (KMC) has decided not to send property tax arrears bills to the house owners that are more than six years old. "I have witnessed that some house owners in the city who have inherited any property or have purchased from somebody are at a loss when a property tax bills with huge arrears pending for decades are sent to them. They are often not aware that such an exorbitant arrear is pending with the property tax. I have already brought out legislation that propertytax arrears bills that are more than six years old cannot be sent to the house owners. The Kolkata Municipal Corporation has also decided that new apartments that will come up will have to pay tax under the Unit Area Assessment (UAA) system..