Need Tally
for Clients?

Contact Us! Here

  Tally Auditor

License (Renewal)
  Tally Gold

License Renewal

  Tally Silver

License Renewal
  Tally Silver

New Licence
  Tally Gold

New Licence
 
Open DEMAT Account with in 24 Hrs and start investing now!
« Direct Tax »
Open DEMAT Account in 24 hrs
 GSTR-3B deadline expired: File now to avoid input tax credit loss, GST registration cancellation
 ITR Filing: Income tax department shortens time limit for condonation of delay What it means for taxpayers
 CBDT launches campaign to intimate taxpayers on undeclared foreign assets in ITR
 ITR AY2024-25: CBDT launches campaign for taxpayers to report income from foreign sources
  CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
 CBDT weighs overhaul of designations for income tax officials to secure better clarity
 Direct tax-GDP ratio at millennial high in FY24
 CBDT comes out with FAQs on Direct Tax Vivad se Viswas scheme 2024
 Tax filing: How to choose the right ITR form
 Income Tax Return: How to maximise your tax refunds while filing ITR?
 Last date for filing income tax return (ITR)

90% direct tax recovery targets this year by SMC
March, 04th 2011

Surat Municipal Corporation (SMC) has set a target of 90 per cent of direct tax recovery from the current demands, before the financial year ends on March 31, 2011. It plans to achieve this by making the recovery process more intense and harsh action against the defaulters.

As against a target of Rs 313 crore in property taxes, it has till now recovered Rs 215 crore. However of the actual demand of Rs 313 crore, Rs 90 crore are arrears and recoveries pending for years including interest of Rs 35 crore.

Sharad Mehta, assistant commissioner, finance, said, "Our performance will be better than last year. We will try to reach as close to the 90 per cent target as possible." Last year, against the demand of Rs 296 crore, the SMC had recovered Rs 216 crore as property taxes amounting to 74 per cent. "What is most heartening is that of the 13.50 lakh tax payers in the city, 10.22 lakh have already paid their dues to the civic body. Our attempt will be to reach all the tax payers before March 31."

The SMC has collected Rs 42 crore in professional tax till date and Rs 7.67 in vehicle tax. An auction of about 20 properties will be organised by it in central zone in mid-March for tax recovery.

Home | About Us | Terms and Conditions | Contact Us
Copyright 2025 CAinINDIA All Right Reserved.
Designed and Developed by Ritz Consulting