Telangana government owes GHMC Rs 5,258 cr towards property taxes
2 years, 7 months ago

Telangana government owes GHMC Rs 5,258 cr towards property taxes

Deccan Chronicle  

HYDERABAD: It seems government departments are not far behind in evading taxes if a piece of information furnished by the Greater Hyderabad Municipal Corporation is anything to go by. According to information obtained by an RTI activist, the state government has to clear a whopping Rs 5,258 crore pertaining to property tax in the city. This apart, an amount of Rs 306 crore property tax is due from state government undertakings. Apart from this, the medical department has to clear Rs 1,185 crore property tax dues, which has been pending for the past 23 years, the police department has to clear Rs 420 crore property tax, prohibition and excise department has been due Rs 895 crore for 21 years, education department is due Rs 385 crore for 16 years and likewise the pending property tax of government buildings amounts to Rs 5,258.40 crore and 30 state public undertaking buildings including Hyderabad Metropolitan Development Authority, Hyderabad Metropolitan Water Supply and Sewerage Board, Hyderabad Metro Rail Limited, TSRTC, Transco and Zoo Park have to clear Rs 306.28 crore property taxes which have been pending for one to seven financial years. As against the last year collection of Rs 541 crore in April-May 2021, the civic body has collected about Rs 750 crore apart from an annual property tax of Rs 1,495.29 crore in the financial year 2021-22.

Tax Property Taxes Property Tax State Crore Ghmc Clear Rs  tax  clear  rs  taxes  property  telangana  cr  ghmc  5258  owes  state  pending  crore  hyderabad

History of this topic

GHMC proposes Rs 8,340cr Budget for 2025–26
3 weeks, 4 days ago

GHMC proposes Rs 8,340cr Budget for 2025–26

New Indian Express  

HYDERABAD: The Greater Hyderabad Municipal Corporation has drafted an annual Budget estimate of Rs 8,340 crore for the financial year 2025–26, reflecting a rise of nearly Rs 400 crore compared to the 2024-25 Budget of Rs 7,937 crore. Additionally, a separate Rs 300 crore Budget has been allocated for projects of other corporations managed by GHMC, including the Telangana Housing …

Telangana boosts revenue with increased focus on stamps, excise, non-tax sources
4 months, 4 weeks ago

Telangana boosts revenue with increased focus on stamps, excise, non-tax sources

New Indian Express  

HYDERABAD: With welfare and implementation of six guarantees being its focal points, the state government mainly focused on Stamps & Registration department, Excise and non-tax revenue to generate additional revenue. The income from state excise is estimated to be Rs 25,617.53 crore as against 2023-24 AE of Rs 20,298.55 crore. Though the non-tax revenue is Rs 23,819.50 crore in 2023-24, …

Middle class discontented, real estate sector applauds tax reforms
5 months ago

Middle class discontented, real estate sector applauds tax reforms

The Hindu  

Middle-class families in the city have voiced their dissatisfaction with the updated income tax slabs in Union Budget 2024-25, presented by Union Finance Minister Nirmala Sitharaman on July 23. Mohd Abdullah, an assistant manager at a private bank, remarked, “People earning ₹3 lakh to ₹7 lakh per year are usually recent college graduates, while those earning ₹7 lakh to ₹10 …

Double taxation rampant on properties in Hyderabad
8 months, 3 weeks ago

Double taxation rampant on properties in Hyderabad

The Hindu  

M. Krishna Chaitanya is a working professional who bought his dream house in a gated community about two years ago. The project got occupancy certificate by the time of registration, and the property tax identification number was generated at the time of mutation itself by the sub-registrar’s office as per the rules. A month after registration, he happened to learn …

GHMC collects a windfall of Rs 1,917 crore in property tax
8 months, 3 weeks ago

GHMC collects a windfall of Rs 1,917 crore in property tax

New Indian Express  

HYDERABAD: The Greater Hyderabad Municipal Corporation has collected Rs 1,917 crore in property tax, which is Rs 257 crore more compared to the previous fiscal. Property tax collection for the previous year was around Rs 1,660 crore. The OTS scheme offered a waiver of 90% of the accumulated interest on property tax arrears, provided the taxpayers clear the principal amount …

GHMC resorting to seizure of properties of tax defaulters
9 months ago

GHMC resorting to seizure of properties of tax defaulters

The Hindu  

With only a week left for the financial year-end, the Greater Hyderabad Municipal Corporation is resorting to desperate measures to recover property tax arrears from long-time defaulters. Circle-level officials of the Revenue wing have started to seize the properties with regard to which the dues of more than one year are pending, causing anxiety among the residents less than two …

Telangana State Revenue Hits Rs 1 Lakh Crore; CAG Flags Tax Discrepancies
10 months, 1 week ago

Telangana State Revenue Hits Rs 1 Lakh Crore; CAG Flags Tax Discrepancies

Deccan Chronicle  

Hyderabad: The state’s total revenue for 2020-21 amounted to Rs 1,00,914 crore, including Rs 66,650 crore in taxes. The CAG report said a detailed scrutiny of 1,456 registered documents of stamp duty and registration fee revealed under assessment valuing of Rs 3.44 crore in 347 documents. As regards motor vehicle taxes, non-raising of demand led to non-realisation of quarterly tax …

Tax dues from govt agencies hold back civic body
1 year, 9 months ago

Tax dues from govt agencies hold back civic body

Deccan Chronicle  

HYDERABAD: The Greater Hyderabad Municipal Corporation, faced with a funds shortage, is carrying out a fine balancing act to pay staff salaries and take up infrastructure works, even as Central and state government agencies, besides individual taxpayers, owe Rs 8,000 crore in property taxes. Many dues have not been cleared for years, with the civic body stating that it was …

MCD receives property tax worth over Rs 55 crore under THIS scheme | Know DETAILS
1 year, 11 months ago

MCD receives property tax worth over Rs 55 crore under THIS scheme | Know DETAILS

India TV News  

MCD property tax collection: The Municipal Corporation of Delhi has received property tax of Rs 55.37 crore under a one-time amnesty scheme launched in October 2022, officials said. Under this scheme, property owners of authorised and regularised colonies can settle all property tax-related liabilities by paying property tax of the residential properties for the current year and the previous five …

Telangana govt earns windfall revenue from non-agri property transactions
1 year, 11 months ago

Telangana govt earns windfall revenue from non-agri property transactions

Deccan Chronicle  

HYDERABAD: Telangana has witnessed a steep rise in the number of non-agricultural properties registered in the first ten months of the current fiscal, resulting in windfall revenues. According to data obtained from the stamps and registrations department, the government earned Rs 7,944 crore through non-agriculture property registrations April-December, and farm land registrations garnered Rs 1,587 crore. Last year, the government …

Telangana revenue collections touch Rs 1 lakh cr
1 year, 11 months ago

Telangana revenue collections touch Rs 1 lakh cr

Deccan Chronicle  

Hyderabad: The Telangana state government saw a spike in revenue collections totalling Rs 1 lakh crore this month-end, owing to a real estate boom collections from excise, and GST. The government expected total tax income at Rs 1,08,212 crore in the 2022-23 budget, a 16 per cent increase over the revised estimate for 2021-22. The data obtained from the finance …

Telangana govt to waive 90% interest on property tax dues
2 years, 5 months ago

Telangana govt to waive 90% interest on property tax dues

Deccan Chronicle  

Hyderabad: In a major reprieve to property tax payers, the Telangana government has decided to give a one-time waiver on payment of interest on outstanding property tax. The Municipal Administration & Urban Development announced a waiver of 90 per cent tax for accumulated arrears of the interest component on property tax under One Time Scheme. Taxpayers are required to pay …

GHMC falls short of property tax target
2 years, 8 months ago

GHMC falls short of property tax target

Deccan Chronicle  

HYDERABAD: With only two days remaining for the end of the financial year 2021-22, the Greater Hyderabad Municipal Corporation still falls short of Rs 500 crore against the target of Rs 1,850 crore annual property tax. In order to overcome this, the corporation did not accept cheque payments to the annual property tax collection last year. Thanks to the one …

GHMC\'s \'reform\' hikes property tax
2 years, 8 months ago

GHMC\'s \'reform\' hikes property tax

Deccan Chronicle  

Hyderabad: The GHMC's reform of the property tax structure to make it 'citizen-friendly' has resulted in a hike of at least 50 per cent for residential properties in the city. The GHMC has divided the city two zones for property tax: Jubilee Hills circle and other areas. Officials said the property tax would be increased in the new system since …

GHMC mulls new property tax plan to mop scarce revenues
3 years, 2 months ago

GHMC mulls new property tax plan to mop scarce revenues

Deccan Chronicle  

HYDERABAD: The GHMC is likely to reintroduce its One-Time Settlement scheme on payment of property tax. It is ready to waive up to 90 per cent of accumulated arrears on property tax, provided taxpayers clear their entire dues until 2020–21 by just paying 10 per cent of interest on overall dues. By reintroducing the OTS scheme, the corporation hopes to …

Telangana owes property tax worth Rs 678 crore to GHMC
3 years, 5 months ago

Telangana owes property tax worth Rs 678 crore to GHMC

Deccan Chronicle  

HYDERABAD: The Greater Hyderabad Municipal Corporation has a big headache – to recover over Rs 678 crore pending property taxes – that too from a defaulter against whom the civic body cannot do anything – the government of Telangana! Officials of the property tax wing of the GHMC said a whopping Rs 678.64 crore, out of a total Rs 714 …

Civic body nets ₹1,723.95 crore in property tax in three months
3 years, 5 months ago

Civic body nets ₹1,723.95 crore in property tax in three months

The Hindu  

The Bruhat Bengaluru Mahanagara Palike’s decision to extend the 5% rebate on property tax — one of its major revenue streams — for three months seems to have worked in its favour. BBMP’s Special Commissioner S. Basavaraj told The Hindu that of the 18.12 lakh properties in the city, tax for financial year 2021–22 had to be paid by 13.78 …

PMC begins auctioning 40 properties of property tax defaulters
3 years, 9 months ago

PMC begins auctioning 40 properties of property tax defaulters

Hindustan Times  

Despite the introduction of the amnesty scheme, some property tax defaulters in the city are not paying up taxes owed to the Pune Municipal Corporation and therefore in a first, the PMC has initiated the auction process on a total of 40 properties. HT Image PMC property tax departments have identified properties that are not responding to the property tax …

Corrupt bill collectors rob GHMC of Rs 200 crore property tax annually
4 years ago

Corrupt bill collectors rob GHMC of Rs 200 crore property tax annually

Deccan Chronicle  

HYDERABAD: The ground-level staff working in the revenue wing has been indulging in high-level corruption. Property taxpayers allege that bill collectors, who are supposed to collect three years penalty on unauthorised properties, have been demanding only a year’s penalty from residents in order to waive-off three years penalty and depositing 50 percent of tax collected into GHMC's account. The other …

Highest tax payers get least facilities: GHMC polls disparity
4 years, 1 month ago

Highest tax payers get least facilities: GHMC polls disparity

Deccan Chronicle  

Hyderabad: The city’s highest tax payers are deprived of basic civic amenities and subject to bumpy rides 365 days a year, while city lowest tax payers enjoy, relatively, the best of what the government can provide them. The Greater Hyderabad Municipal Corporation managed to collect Rs 6.73 crore property tax from Chandrayangutta against Rs 124.26 crore in Jubilee Hills and …

'Deepavali Gift': Telangana Announces 50% Waiver in Domestic Property Tax
4 years, 1 month ago

'Deepavali Gift': Telangana Announces 50% Waiver in Domestic Property Tax

News 18  

The Telangana government on Saturday announced a 50 per cent waiver in property tax to house owners in Hyderabad and 140 other towns across the state as a Deepavali gift, in view of the financial difficulties being faced by people following the COVID-19 pandemic. He said house owners who pay property tax up to Rs 15,000 in the Greater Hyderabad …

Telangana waives 50% property tax to ease financial struggles
4 years, 1 month ago

Telangana waives 50% property tax to ease financial struggles

India TV News  

The Telangana government on Saturday announced a 50 per cent domestic property tax waiver in Hyderabad city and 140 more places across the state as Diwali gift, amid financial difficulties being faced by people in times such as the coronavirus pandemic. "As a Diwali gift, we have decided to give some relief to people on property tax," said K. Taraka …

AP registers 19.40% rise in property tax collections in current fiscal
4 years, 1 month ago

AP registers 19.40% rise in property tax collections in current fiscal

Deccan Chronicle  

Vijayawada: Andhra Pradesh registered a 19.40 per cent rise in property tax collection in the current fiscal up to November 4 despite Covid-19 affecting the economy badly. The authorities had set a Rs 1,958.88 crore tax collection target in the current fiscal and have so far managed to collect 38.40 per cent of it. In addition to this, the state …

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