Delhi entrepreneurs get relief from court on double property

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The entrepreneurs of Delhi have got a big relief from the Delhi High Court in the matter of property tax. Now entrepreneurs will not have to pay double property tax on rented industrial and commercial properties.

The Municipal Corporation of Delhi (MCD) had increased the occupancy factor for rental non-residential property from one to two. Against which Delhi’s entrepreneurs’ organization Apex Chamber of Commerce and Industry Delhi appealed in the court.

Vice President of this organization Raghuvansh Arora told that the Corporation Evaluation Committee (MVC) has the right to increase the occupancy factor. The occupancy factor for rental and non-residential property under MVC-3 was increased from one to two under MVC-3. But MVC is valid for 3 years. This MVC is out of date a long time ago. Therefore, now property tax cannot be charged according to the increased occupancy factor-2. But the MCD has been demanding property tax from the entrepreneurs due to the increased occupancy factor for the last two-three years.

The MCD increased the occupancy factor to 2 in July last year. Due to which the entrepreneurs will have to pay property tax at double the rate on the industrial and commercial property on rent. Arora said that the chamber had appealed in the Delhi High Court against the MCD charging property tax as per occupancy factor-2. Hearing on which last week, the court has given immediate relief to pay property tax according to occupancy factor-1 before March 31. The next hearing of the matter will be on August 9.

Secretary of Laghu Udyog Bharti Delhi Unit Sanjay Gaur said that according to occupancy factor-1, property tax is levied at the rate of Rs 90 per square meter on the rented industrial property, while in case of occupancy factor-2, the property tax is Rs 180 per square meter. It will be done accordingly. In such a situation, the entrepreneurs have got a big relief from the Delhi High Court as they will not have to pay double property tax for the time being.

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