Summary:
A settlement scheme should encourage defaulters to pay pending dues, but should not be unjust to those who meet deadline. However, LMC has given 20% discount to defaulters, besides waiving of interest on the principal amount charged as fine, whereas an honest tax payer gets only 10%. As a result, the tax dues mounted over the years. There are around 50 lakh taxable properties in the city, of which around 45 lakh pay due taxes on time. Total tax amount due from all these properties is around Rs 790 crore..