Brihanmumbai Municipal Corporation (BMC) has started to take action against the property tax defaulters. Sources in BMC informed that the properties of 25 defaulters were seized and the water connection of other 25 properties was shut down.
According to the rules, it is mandatory to pay property tax in 90 days. If it doesn’t happen, the final notice is granted which is valid for 21 days to pay the tax. However, in failing to do so, the civic body will prosecute the defaulters.
After ending Octroi two years ago, the main revenue for the BMC is through property tax. Earlier in the financial year 2017-18, BMC collected ₹5,132 crore property tax but the number fell by ₹2 crore in the financial year 2018-19 and collected ₹3,495 crore.
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According to Tax and Collection Department, the big companies have also failed to file the property tax. The companies include India Timber Corporation, Royal Palms, National Sports Club, Amir Parks and Amusement Pvt. Lmt., Sunshine Builders, HDIL, Bombay Dyeing Company, and others.
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