Latest news with #PropertyTaxAmnestyScheme2025-26
Time of India
13 hours ago
- Business
- Time of India
Delhi: MCD holds 2,333 property tax camps to help citizens avail amnesty scheme benefits
NEW DELHI: The Municipal Corporation of Delhi has organised 2,333 property tax camps across 12 zones to promote tax compliance and provide relief to property owners, its Mayor Sardar Raja Iqbal Singh said on Monday. So far, 59,411 taxpayers have availed the benefits of the scheme, resulting in a collection of Rs 145.19 crore, Singh said. The initiative, aimed at assisting taxpayers in availing the benefits of the Property Tax Amnesty Scheme 2025-26 , known as Sumpattikar Niptaan Yojana (SUNIYO), has already seen participation from over 56,000 taxpayers, the mayor said in the statement. "In view of the encouraging response to the SUNIYO scheme, more property tax camps will be held in the coming days to ensure all eligible citizens can benefit from the amnesty," Singh said. Under the scheme, taxpayers can get a full waiver on arrears -- interest and penalties -- for periods before the financial year 2020-21, provided they pay the principal amount of property tax for the current year (2025-26) and the previous five financial years (2020-21 to 2024-25). Singh urged residents to take advantage of this 'golden opportunity' to clear their dues without penalty or interest. He also announced that the last date to avail a 10 per cent rebate on lump sum property tax payment for the current financial year has been extended till July 31, according to the statement.
Indian Express
17 hours ago
- Business
- Indian Express
Delhi MCD nets 50% of property tax target in first quarter. Here's how
The Municipal Corporation of Delhi (MCD) has achieved 50% of its property tax collection target in the first quarter of the current financial year, officials said on Monday. A total of Rs 1,650 crore has been collected so far against the target of Rs 3,200 crore. According to sources, the achievement can be attributed to the online payment mode, which started last July, and the Property Tax Amnesty Scheme 2025-26, known as Sumpattikar Niptaan Yojana (SUNIYO). 'Last year, we were able to collect only Rs 1,500 crore by this time due to payments made by cheques, a majority of which would bounce,' an official said, adding that a total of Rs 2,132 crore was collected against the target of Rs 4,000 crore last year. Till now, 59,411 taxpayers have availed of the SUNIYO scheme, and property tax to the tune of Rs 145.19 crore has been received. Under the one-time amnesty scheme valid from June 1 to September 30, a taxpayer can get a full waiver on arrears — interest and penalties — for periods before the financial year 2020-21, provided they pay the principal amount of property tax for the current year (2025-26) and the previous five financial years (2020-21 to 2024-25), as per an MCD circular. The official, explaining how the online mode is helpful, said that earlier, taxpayers used to submit the cheque at the last moment at the end of a financial year. With a cheque valid for three months, it used to get cleared in the next financial year. 'This used to get recorded twice by the system due to lack of reconciliation. Cheque bounce was also a major issue,' the official said. 'Numbers used to be high, but the actual amount with the department was less because of these reasons, and it was difficult for the officials to trace the person since they would – on many occasions — not write the full address,' the official added. On Monday, the civic body organised 2,333 property tax camps across the city's 12 zones to facilitate taxpayers in filing their taxes and availing benefits offered under the Amnesty Scheme. To avail of this benefit, taxpayers are required to file their online Property Tax Return (PTR) on the official MCD portal. Mayor Raja Iqbal Singh said more property tax camps will be organised in the coming days: 'In view of the encouraging response to the SUNIYO scheme, more property tax camps will be held in the coming days to ensure all eligible citizens can benefit from the amnesty.' He also announced that the last date to avail a 10% rebate on lump sum property tax payment for the current financial year has been extended till July 31.
Time of India
05-07-2025
- Business
- Time of India
MCD organises over 1,800 property tax camps to promote amnesty scheme
New Delhi: MCD has organised 1,862 property tax camps across its 12 zones to assist property owners in filing their taxes and availing benefits under the Property Tax Amnesty Scheme launched in May. According to MCD officials, over 48,546 taxpayers have benefitted from these camps to date. The civic body plans to hold more such camps in the coming days to further extend the benefits of the Property Tax Amnesty Scheme 2025-26 and the Sumpattikar Niptaan Yojana (SUNIYO). Taxpayers or RWAs can approach their zonal offices to request a camp in their area. "We have successfully organised more than 1,800 tax camps, with active participation from citizens," said MCD, adding, "Under the SUNIYO scheme, taxpayers can avail a complete waiver of property tax, interest, and penalties for dues prior to the financial year 2020-21, provided they pay the principal property tax for the current year (2025-26) and the previous five financial years (FY 2020-21 to FY 2024-25) without interest or penalties." tnn
Time of India
08-06-2025
- Business
- Time of India
Delhi: MCD holds 120 property-tax camps to promote compliance under SUNIYO amnesty scheme
NEW DELHI: In a bid to facilitate taxpayers and encourage compliance, the MCD has organised 120 property-tax camps across its 12 zones. According to a statement issued by the Municipal Corporation of Delhi (MCD), the initiative aims at helping property owners file their taxes and take advantage of the ongoing Property Tax Amnesty Scheme 2025-26 -- Sumpattikar Niptaan Yojana (SUNIYO). The MCD said the camps witnessed active participation from residents, reflecting a growing interest in the scheme. Encouraged by the response, the civic body plans to hold more such camps in the coming days to ensure wider outreach and participation, it stated. Under SUNIYO, property owners can get a full waiver on tax dues, including interest and penalties, pending till the financial year 2019-20, the statement said. It added that to qualify, taxpayers must pay the principal amount for the current financial year (2025-26) and the previous five years -- from 2020-21 to 2024-25 -- without any interest or penalty. For further assistance, the MCD has set up a dedicated helpline number to address queries and guide citizens through the process, according to the statement. The civic body has appealed to all eligible property owners to make the most of the scheme and clear their outstanding dues without additional financial burden.
