Apparently, the private banks assigned to collect property taxes for NMMC in various wards, do not insist on the use of Re 1 revenue stamp for collecting amounts worth over Rs 5,000, thereby leading to a loss for the government.
“I have written to senior NMMC and state authorities about this issue. As per the Indian Stamps Act, 1899, one is required to pay by way of revenue stamp for payments of service charges, such as property taxes, of value of Rs 5000 and above.
Since this is not happening within our civic jurisdiction, it is an irregularity and therefore a loss of revenue for the government,’’ said activist Anarjit Chauhan.
The private banks have been given premises in all the eight wards by the NMMC for the purpose of collecting service charges such as property tax, added Chauhan. But they are not taking the token payment for revenue stamp.
“I have urged the NMMC to immediately look into this issue and also restructure the payments of civic service taxes, so that the government also earns its revenue,’’ said Chauhan.
NMMC commissioner, Ramaswami N, told TOI, “We are collecting property taxes as per the rules. However, if any query has been raised with regard to the revenue stamp or any other issue, I will ask the department to look into the matter.’’