Outstanding property tax payment deadline extended by 3 months in Punjab
Tribune News Service
Chandigarh, November 21
The Punjab government has extended the deadline for the payment of outstanding house tax or property tax, without any penalty, for a period of three months.
Local Bodies Minister Brahm Mohindra said that the government has decided to partly exempt a class of persons from the payment of certain charges levied under the Punjab Municipal Act, 1976. He said that now the property holders may pay the outstanding house tax or property tax within three months with certain conditions.
Mohindra said that the persons who had failed to deposit the house tax or the property tax, levied under the Act, within the time specified may now deposit the principal amount in lump-sum with the rebate at the rate of ten percent of the amount being deposited within a period of three months from the date of issue of the order as a onetime settlement; and penalty at the rate of ten percent on the said amount within the period of next three months.
Mohindra said that the persons, who still fail to deposit the due amount as above, within the period and the manner specified above, shall be liable to pay a penalty at the rate of twenty percent on the amount due alongwith interest at the rate of eighteen percent from the date it became due till the date of its realization.
