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COVID-19: Punjab Govt extends Deadline for Outstanding House Tax, Property Tax

ITAT - Capital gain deduction - residential property-Taxscan

The Punjab State Government has extended the deadline to pay the outstanding house tax or property tax without any penalty till June 30, 2020.

Likewise, the time limit of the “One Time Settlement Policy” for recovery of arrears of water and sewerage charges in the Urban Local Bodies of the state has also been extended up to June 30, Local Bodies Minister Brahm Mohindra said in a statement.

He said that the Punjab government has taken this decision to provide relief to the citizen of the state who are presently leading from the front in this war against coronavirus.

The Minister also said that as per the new policy, the persons, who failed to deposit the house tax or the property tax as the case may be, levied under the Act, may now deposit the principal amount in lump-sum with the rebate at the rate of ten percent of the amount by up to June 30.

The persons who fail to deposit the house tax or property tax, as the case may be, by June 30, may deposit the principal amount along with penalty at the rate of ten percent thereafter, within the period of the next three months.

He also added that the persons, who still fail to deposit the due amount within the period and the manner specified, shall be liable to pay a penalty at the rate of twenty percent on the amount due along with interest at the rate of eighteen percent from the date it became due till the date of its realization.

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