OTS policy extended till August 15

Providing a major relief to residents, the state government has extended the one-time settlement (OTS) policy for property tax till August 15.

Mayor Inderjit Kaur has appealed to residents to avail maximum benefit of the policy and submit pending property tax without any penalty or interest.

The Mayor stated that as per the policy notified by the government in the past, residents could submit pending property tax without any penalty or interest by July 31. However, for facilitating the residents at large, the state government has extended the policy and now, they could submit pending property tax without any penalty or interest by August 15.

Civic body officials stated that the property tax had to be paid on a self-assessment basis every year. If the property owner fails to pay the same, a 20 per cent penalty and 18 per cent annual interest on the pending amount were charged by the civic body.

Under the policy, the residents can now submit the pending tax by August 15 without any penalty or interest. The pending tax can be submitted at suvidha kendras situated in zonal offices of the civic body.