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Jaipur civic body plans to impose tax on all commercial properties

Currently, temple properties are exempted from tax, but if the proposal is accepted, then commercial properties on the shrine complex like shops, barring those selling pooja items, will come under tax.

Jaipur Municipal Corporation (JMC) is planning to impose tax on all commercial properties irrespective of its size. JMC officials had sent a proposal to the state government to include commercial buildings smaller than 100 square yards in the taxable category. If the proposal is accepted, then houses using its premises for paying guests, hostels and guesthouses will be included in it.

Currently, temple properties are exempted from tax, but if the proposal is accepted, then commercial properties on the shrine complex like shops, barring those selling pooja items, will come under tax.

Deputy commissioner revenue at JMC Naveen Bhardhwaj said as the numbers of small commercial properties are rising in the city, there is a need to bring them under the tax net.

“Right now, properties fewer than 100 square-yards are not taxable. We have sent a proposal to the government to include these buildings under the purview of tax. This will increase the revenue collection of JMC,” said Naveen.

This step is being seen as a positive step, especially after the municipal corporation has been divided into two parts – Greater Jaipur Municipal Corporation and Jaipur Heritage Municipal Corporation.

As most commercial buildings in heritage Jaipur are smaller than 100 square-yards, it will become a difficult task for the heritage municipal corporation to collect tax and might face a severe revenue crunch after its formation.

SourceET REALTY
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