NKDA – The New Town Kolkata Development Authority collected property tax of worth rupees 20 crores within the period of two-and-a-half months after implementing the UAA i.e. the unit area assessment based property tax collection system. This system came into existence on 1st April. This property tax value is the payment made by only 18,000 property taxpayers out of total 40,000 as per the record. These numbers comprise of both individuals and corporates in the New Town area of Kolkata, the capital city of West Bengal.
According to an official at New Town Kolkata Authority, several taxpayers requested for an extension in the deadline for submission of the property tax. The authority then extended the deadline to pay the first quarter tax till 2nd August. Till this date, the property taxpayers are required to make self-assessment and payment of tax for properties including residential and educational buildings and this submission will have zero penalty charge.
The decision to extend the deadline was also taken by the authority soon after they found that numerous taxpayers, particularly the residential property owners living outside the capital city are not aware of the UAA i.e. Unit Area Assessment and thus require more time to file the property tax.
The deadline is same for other property owners, too but a penalty of 10 percent is levied on them for the delay in filling of the property tax. This penalty was earlier fixed at 30 percent. Also, the property taxpayers can avail 5% rebate on timely payment of tax for each quarter and the property owner can also enjoy an additional rebate of 5 percent if the payment of property tax for the entire year is made in the first quarter due date itself.
Two civic teams were formed to create awareness about the process of making self-assessment and tax payment for which these teams visited high-rise complexes and individual households of the town area in the last one month. A help desk is also formed to create awareness about the online tax payment procedure among the property taxpayers.