HomeUrban NewsAhmedabadAhmedabad Civic Body Auctions Properties Over Tax Arrears

Ahmedabad Civic Body Auctions Properties Over Tax Arrears

Ahmedabad Municipal Corporation (AMC) has announced the auction of 22 commercial properties in the city’s western zone. Located in key areas such as Navrangpura, Ashram Road, CG Road, and Mitakhali, these properties have accumulated significant arrears over several years, despite consistent reminders and opportunities to settle outstanding dues.

The AMC’s decision follows multiple attempts to prompt these property owners to fulfil their obligations, all of which proved ineffective. Municipal Commissioner Vijay Nehra, in a recent tax collection review, highlighted the urgency to address the backlog of unpaid taxes, particularly within the commercial property segment. Under his guidance, AMC introduced stricter measures, including property seizures and issuance of encumbrance notes, aiming to streamline tax recovery processes and set a precedent for timely compliance. Since the beginning of the fiscal year, AMC’s tax department has intensified its enforcement campaign, sealing and marking properties with substantial tax arrears for auction.

Persistent non-compliance by several commercial property owners has added to the tax burden for AMC, with many properties showing years of unpaid dues. The AMC has not only attempted to collect dues but also given property owners opportunities to contest tax assessments through appeals. However, most property owners have neither raised objections nor settled their dues, leading the West Zone Tax Department to issue final warnings. In response, AMC will now proceed with the auction process, signalling the civic body’s commitment to fiscal discipline and sustainable revenue collection.

The AMC’s approach underscores the importance of tax revenue in maintaining urban infrastructure and delivering essential services. Delays in tax collection affect not only the city’s revenue but also impact AMC’s ability to fund development and public welfare projects. By enforcing payment compliance, AMC aims to ensure a steady revenue stream that supports sustainable urban growth and enhances the city’s financial health.

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -spot_img

Most Popular

Recent Comments

Pune Sees Rs 1530 Crore PMAY Loans Sanctioned To Over 10000 Beneficiaries

Pune Sees Rs 1530 Crore PMAY Loans Sanctioned To Over 10000 Beneficiaries

0
Maharashtra is witnessing a significant boost in affordable housing as PNB Housing Finance sanctions over Rs 1,530 crore in loans to more than 10,000...
Mumbai Greenpanel Launches DuroBOIL India Strongest Water Proof Fibreboard Interiors

Mumbai Greenpanel Launches DuroBOIL India Strongest Water Proof Fibreboard Interiors

0
Mumbai — Greenpanel Industries Ltd., India’s leading wood panel manufacturer, has launched DuroBOIL™, the country’s most resilient water-proof high-density fibreboard designed for modern interiors...
https://urbanacres.in/mumbai-secures-b-s-sharma-brookfield-partnership-for-asia-largest-gcc-project/

Mumbai Secures B S Sharma Brookfield Partnership For Asia Largest GCC Project

0
Mumbai is set to host Asia’s largest Global Capability Center (GCC) following a strategic partnership between Brookfield Asset Management Ltd. and industrial leader B....
Rubics Realty Enters Mumbai Luxury Market With Messi Tour Brand Partnership

Rubics Realty Enters Mumbai Luxury Market With Messi Tour Brand Partnership

0
Rubics Realty has made a high-profile entry into Mumbai’s luxury real estate segment, leveraging a strategic partnership with the Lionel Messi G.O.A.T. India Tour...
Bombay HC Instructs SRA , MHADA Ensure Timely Rent Payments To Allottees

Bombay HC Instructs SRA , MHADA Ensure Timely Rent Payments To Allottees

0
The Bombay High Court has issued decisive directives to the Slum Rehabilitation Authority (SRA) and the Maharashtra Housing and Area Development Authority (MHADA) to...