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SAMRIDDHI 2022-23′

  • IASbaba
  • October 28, 2022
  • 0
Governance
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Context: Delhi Lieutenant-Governor recently announced a one-time property tax amnesty scheme for residents of the national capital’s authorised and regularised colonies.

About SAMRIDDHI scheme:

  • Under ‘SAMRIDDHI 2022-23 (Strengthening & Augmentation of Municipal Revenue for Infrastructure Development in Delhi)’, people will be able to pay only the principal amount of the current and pending tax of past five years for residential properties.
  • They can get a waiver on all pending dues, including penalty and interest.
  • The duration will be six years in case of commercial properties.
  • The Municipal Corporation of Delhi will have no right to reopen any property tax case after one year.
  • Residential property taxpayers are required to pay the principal amount of property tax for the current year and the previous five years on which a 100% exemption from interest and penalties on the outstanding tax amount will be received and a waiver of all prior dues prior to the previous five years.
  • Non-residential taxpayers are required to pay the principal amount of property tax for the current year and the previous six years on which a 100% exemption from interest and penalties on the outstanding tax amount will be received and a waiver of all prior dues prior to the previous six years.
  • If a taxpayer doesn’t pay his tax debt by the deadline, he will be responsible for paying all back taxes, interest, and penalties dating back to 2004 or the prior year they were unpaid, and shall not be entitled to any waiver.
  • The tax amnesty scheme, according to the announcement, includes a “One Plus Five” option.

Source: The Hindu

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