Jammu & Kashmir

People use internet data, buy iphones in JK, why hue and cry over property tax: LG

Jammu and Kashmir Lieutenant Governor Manoj Sinha

Jammu: Jammu and Kashmir’s Lieutenant Governor Manoj Sinha on Friday said that people use internet data, buy iphones and pay to play videos in JK, why is there a hue and cry over the imposition of property tax.

He said that the money collected from property tax will be used for the development and welfare of the people.

Addressing a function at Jammu, Sinha said, “In JK, people pay to use internet data, buy I-phones and play videos, I wonder why there is a hue and cry over the imposition of property tax.”

The LG said that SAKUST-Kashmir and Jammu will be made of international standards while food security will comprise proteins as well.

On February 22, Jammu and Kashmir administration ordered the imposition of property tax from April 1.

In exercise of the power conferred by section 71A of the Jammu and Kashmir Municipal Act, 2000, the government hereby notifies the rules for levy, assessment and collection of property tax in the municipalities and municipal councils of the UT, housing and urban development department principal secretary H Rajesh Prasad had said in a notification.

The tax rates will be 5% of taxable annual value (TAV) for residential properties and 6% for commercial properties, it stated. In another announcement, the government said that small houses were exempted from the tax and the amount fixed for commercial buildings was nominal.

The administration announcement, however, evoked sharp criticism from almost all the political parties who termed the move as unjustified.

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