1. Home
  2. Infrastructure Transport
  3. RAILWAYS & METRO RAIL
  4. Ahmedabad Municipal Corporation extends property tax deadline
Ahmedabad Municipal Corporation extends property tax deadline
RAILWAYS & METRO RAIL

Ahmedabad Municipal Corporation extends property tax deadline

19 Jul 2021 2 Min Read CW Team
Ahmedabad Municipal Corporation (AMC) has extended its 10% rebate scheme for advance tax payment up to July 30 due to an increase of Rs 153.68 crore in property tax collection.

Officials told the media that property tax collected between April 1 and July 15 this year recorded an increase of 50%, compared to the same time in 2020.

The officials said that AMC witnessed a 70% increase in the collection from the eastern parts of the city. Nikol, Viratnagar, Gomtipur, Odhav, Vastral, and Amraiwadi recorded the highest rise of 90%.

From the central zone and the western parts of the city, AMC observed a 50% rise in the collection. The rise was witnessed in advance tax payment on commercial properties more than residential units.

Moreover, officials said that the rise in vehicle tax was also a sign that more vehicles had been sold this year compared to the previous year.

In 2020 within April 1 and July 15, the collection was Rs 7.32 crore. This year it was Rs 28.69 crore, an increase of Rs 21.37 crore.

The overall tax collection of AMC, which consists of property tax, vehicle tax and professional tax, was Rs 347.93 in 2020 throughout the same period, which grew by 54% and was Rs 536.45 this year.

Image Source

Also read: North Delhi civic authority extends property tax submission deadline

Ahmedabad Municipal Corporation (AMC) has extended its 10% rebate scheme for advance tax payment up to July 30 due to an increase of Rs 153.68 crore in property tax collection. Officials told the media that property tax collected between April 1 and July 15 this year recorded an increase of 50%, compared to the same time in 2020. The officials said that AMC witnessed a 70% increase in the collection from the eastern parts of the city. Nikol, Viratnagar, Gomtipur, Odhav, Vastral, and Amraiwadi recorded the highest rise of 90%. From the central zone and the western parts of the city, AMC observed a 50% rise in the collection. The rise was witnessed in advance tax payment on commercial properties more than residential units. Moreover, officials said that the rise in vehicle tax was also a sign that more vehicles had been sold this year compared to the previous year. In 2020 within April 1 and July 15, the collection was Rs 7.32 crore. This year it was Rs 28.69 crore, an increase of Rs 21.37 crore. The overall tax collection of AMC, which consists of property tax, vehicle tax and professional tax, was Rs 347.93 in 2020 throughout the same period, which grew by 54% and was Rs 536.45 this year. Image Source Also read: North Delhi civic authority extends property tax submission deadline

Next Story
Infrastructure Transport
22 Nov 2024

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

A new greenfield highway connecting Kharagpur in West Bengal and Visakhapatnam in Andhra Pradesh, passing through Odisha, is set to be constructed soon. This expressway is poised to become a vital logistics corridor, enhancing high-speed transportation in the region. Works Minister Prithviraj Harichandan shared that preliminary preparations for the project have already commenced. He emphasised that the expressway would play a crucial role in the Gati Shakti Framework of the Central government, describing it as a groundbreaking initiative in road construction for Odisha. Greenfield roads typi..

Read More
Next Story
Infrastructure Urban
22 Nov 2024

LTTS wins project to develop smart cities in Colorado USA

Mid-sized Indian IT services company L&T Technology Services (LTTS) announced on Monday a strategic partnership with the Colorado Smart Cities Alliance (CSCA) to develop smart city projects across Colorado by integrating innovation and technology. In a regulatory filing, LTTS stated that the collaboration would utilize its advanced engineering expertise to support CSCA's mission of enhancing urban living and creating sustainable ecosystems through smart city solutions. The partnership aims to develop sustainable, efficient, and technologically advanced communities by pooling resources and exp..

Read More
Next Story
Infrastructure Transport
22 Nov 2024

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Bengaluru’s metro network is set for a major expansion, aiming to extend its total length to 175 km by 2026. This ambitious project is part of the Namma Metro initiative, designed to improve connectivity across the city, alleviate traffic congestion, and promote sustainable urban mobility. The expansion involves constructing new metro corridors, such as the Purple Line and the Outer Ring Road-Airport Line, which will link major city hubs, commercial centres, and residential areas. This development is expected to enhance accessibility for commuters throughout Bengaluru. A key highlight of t..

Read More

Opinion Poll

Question : Which technological advancement do you believe will most transform the real estate industry in the coming years?

Latest updates

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister
ROADS & HIGHWAYS
22 Nov 2024

Odisha to Get Kharagpur-Visakhapatnam Expressway Soon: Minister

LTTS wins project to develop smart cities in Colorado USA
SMART CITIES
22 Nov 2024

LTTS wins project to develop smart cities in Colorado USA

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility
RAILWAYS & METRO RAIL
22 Nov 2024

Bengaluru Metro to Expand to 175 km by 2026, Boosting Urban Mobility

Chennai Metro finishes piling work from Kodambakkam Powerhouse to Porur
RAILWAYS & METRO RAIL
22 Nov 2024

Chennai Metro finishes piling work from Kodambakkam Powerhouse to Porur

Ambuja, ACC stocks plunge after Gautam Adani's US indictments
ECONOMY & POLICY
22 Nov 2024

Ambuja, ACC stocks plunge after Gautam Adani's US indictments

Rajasthan govt and Centre to jointly run extended Jaipur Metro lines
RAILWAYS & METRO RAIL
22 Nov 2024

Rajasthan govt and Centre to jointly run extended Jaipur Metro lines

Hyderabad Civic Body Demolishes Five-Storey Building in Gachibowli
Real Estate
22 Nov 2024

Hyderabad Civic Body Demolishes Five-Storey Building in Gachibowli

Hill highway project to finish by 2026, says PWD minister
ROADS & HIGHWAYS
22 Nov 2024

Hill highway project to finish by 2026, says PWD minister

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000