TS Govt waives off interest on Property Tax arrears

Hyderabad, Feb 6 (INN): The Telangana Government has issued orders waiving off interest on arrears and on current year dues on property tax.

As per GO Ms No 42 issued by the Municipal Administration and Urban Development here on Friday, the interest on arrears and on current year dues on property tax i.e., 2014 – 2015 would be waived as one time measure in the Municipalities and Corporations, including Greater Hyderabad Municipal Corporation, provided that the assesse pays the total arrears and current year property tax in one lump sum or in installments on or before March 31, 2015.

The State Government further directed that if the interest is already paid by the Tax payers on arrears and also on current year property tax demands during the year 2014 – 2015, it should be adjusted towards the future property tax payments. No cash refund shall be made, the order said.