Telangana One Time Scheme 2022 | New Property Tax Waiver Scheme | How to Apply for One Time Scheme | OTS Scheme Benefits | A “One Time Scheme” has been proposed by the Director of Municipal Administration and the Commissioner of the Greater Hyderabad Municipal Corporation (GHMC) (OTS). If the taxpayer pays the original amount as well as the 10% interest on the accumulated arrears in full for the fiscal year 2021–2022, the programme will waive 90% of the accumulated arrears.
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Telangana One Time Scheme- New Property Tax Programme
In accordance with the GO Rt No. 485 published by the Municipal Administration & Urban Development (MA&UD) Department, the government has mandated the waiver of 90% of the accumulated property tax arrear interest after reviewing the proposal made by the GHMC Commissioner and Director of Municipal Administration. However, the taxpayer would have to pay out the entire amount of the tax debt—principal plus 10% accumulated interest—in one go by 2021–2022.
The One Time Scheme will be implemented in campaign mode with the scheme slated to expire on October 31. It is applicable to all urban local bodies of the State, including the GHMC. A total of 90% of such interest/penalties would be deducted from future payments for people who have paid their whole property tax debt—including interest and penalties—up to March 2022 within the current fiscal year.
The property tax arrears in all ULBs, including the GHMC, were Rs 1,999.24 crore, according to the GHMC Commissioner and Director of Municipal Administration. Its outstanding interest balance was Rs. 1,626.83 crore. The order further instructs officials to set up a system for the daily oversight and execution of the plan in a transparent manner.
Telangana One Time Scheme Benefits
The GHMC Commissioner and Director of Municipal Administration have been given instructions by the MA&UD Department to promote the programme and make sure the greatest number of individuals may take advantage of it. They are expected to speak with property owners who have unpaid arrears, text them, call them, and promote the programme in print and electronic media.
For the benefit of taxpayers, the OTS System has been proposed. Prior to October 31, 2022, the plan must be implemented in mission mode and with enough publicity. The Secretary has requested that the involved municipal officials set up a system for daily oversight and make sure the One Time Scheme is carried out openly.
Arrears in Telangana’s Urban local bodies now Reach 1,999.24 Crore
The GHMC Commissioner and Director of Municipal Administration are said to have been concerned about the Rs 1994.24 crores owed for unpaid property tax arrears in all urban local bodies, including the GHMC. The State government has created a One Time Scheme (OTS) to clear the debt and has cancelled 90% of the interest, providing help to people who are dealing with property tax arrears. Waiver valid through the fiscal year 2021–2022.