Citizens seek tax cut, CSMC moots new incentives

  • | Friday | 20th October, 2023

Chhatrapati Sambhajinagar: The Chhatrapati Sambhajinagar Municipal Corporation (CSMC) has decided to discontinue tax rebates for operational rainwater harvesting systems and solar power plants installed at the taxpayers properties for the financial year 2023-24.Rahul Vaidya, a property holder, said the local civic body should continue with tax rebates for environmental safety. Such rebates create a win-win situation for taxpayers and the CSMC. More importantly, it encourages citizens to sustainably adopt rainwater harvesting systems and solar power plants, he said. Balasaheb Mule, another taxpayer, termed the stand taken by the local civic body as a regressive move. He mentioned that the civic authorities should reconsider the decision to discontinue the tax rebates.When contacted, Aparna Thete, in charge of the tax department of CSMC, said the tax rebates concerned were offered in the past when the rainwater harvesting and rooftop solar systems were not popular at all. As these environmental safeguards have become highly popular now, the civic administration decided to discontinue the tax rebates. Some of the other metro cities have witnessed similar rollback, she said. Thete added, We are planning a few new-age tax rebates towards environmental safeguards. Green rating of buildings and other new parameters is under consideration. It will be announced before the start of the next fiscal year.We also published the following articles recentlyFee rebate for mining belt kids at Sanquelim nursing collegeThe North Goa District Mineral Foundation has instructed the directorate of higher education to sign an MoU with the Sai Nursing Institute to offer fee concessions to students from the mining belt. The Sai Nursing Institute has been granted Rs 3 crore from the District Mineral Foundation to establish a private nursing institute. All previous proposals received by the DMF have been reviewed.LMC to launch a new tax collection procedureMunicipal corporations in Lucknow are planning to streamline the collection of taxes and charges from households by combining them into a single payment. This move aims to improve services and increase transparency in the payment process. Over eight lakh households will be affected by this new procedure, which will allow families to either pay the amount annually or split it into two parts. The municipal corporations need to become financially independent and self-sustainable, and exploring new strategies to strengthen their revenue streams. The corporation has already improved its overall performance in the past two and a half years.Income tax sleuths recover boxes full of cash in raids at contractors properties in BengaluruIncome Tax authorities in Bengaluru have found a significant amount of concealed money during property searches related to a contractor. The cash, valued at Rs 42 crore, was stored in 23 boxes and is believed to have been accumulated as commission to finance upcoming elections. BJP leaders have accused the Congress government of being involved in the collection of this money. The Chief Minister of Karnataka, Siddaramaiah, has refuted the allegations and called for evidence to support them. The President of the Karnataka State Contractors Association clarified that the contractor in question had not been involved in contract work for eight years.

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