Tag: Ludhiana

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Tax Settlement Scheme Deadline in Ludhiana Extended Again

Representative image created by AI LUDHIANA: The deadline for the one-time settlement scheme for property tax dues has been extended for the third time, allowing residents to settle outstanding dues without any interest or penalties until the end of August. The municipal corporation has so far collected ₹19 crore from this scheme. However, against an annual property tax target of ₹160 crore for this fiscal year, officials have collected ₹43 crore to date. They aim to enhance the collection efforts next month when individuals are expected to pay their taxes for the current fiscal year to benefit from a 10%…

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Settle Property Tax in Ludhiana by August 15 to Avoid Penalty

LUDHIANA: More than 192,000 property tax returns from the year 2013-14 remain unfiled by residents. However, they have until August 15 to settle their outstanding dues under the one-time settlement (OTS) scheme. Mayor Inderjit Kaur has urged residents to take advantage of this opportunity, which allows them to pay their pending property tax without incurring any penalties or interest before the deadline. Municipal Commissioner Aaditya Dachalwal noted that the government previously set a July 31 deadline for residents to submit their overdue property tax without penalties. To better support the community, the deadline has now been extended to August 15.…

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Ludhiana Extends Property Tax Settlement Deadline to Aug 15

LUDHIANA: The local bodies department has extended the deadline for its one-time property tax settlement scheme to August 15, providing a chance for defaulters who missed the original deadline of July 31. This extension follows an increase in last-minute payments made at civic body suvidha centres throughout Ludhiana. Launched on May 15, the scheme allows property owners with arrears dating back to 2013-14 to clear their dues without incurring interest or penalties. Initially, the response was sluggish, but it gained traction in July. To date, the department has collected ₹15 crore under this scheme, contributing to a total property tax…

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Ludhiana: LIT Uses Land Pooling to Complete Delayed Project

Representative image created by AI LUDHIANA: In a bid to prevent its dissolution, the Ludhiana Improvement Trust (LIT) is focusing on the Punjab government’s land pooling scheme to advance its longstanding project aimed at creating a new residential and commercial zone in Lohara or Jaspal Bangar. The appointed consultant was recently tasked with submitting the project report. Meanwhile, LIT Chairman Tarsem Bhinder intends to discuss this initiative with key officials in Chandigarh. After several years without launching new projects, LIT’s only current endeavor is the construction of Atal Apartments on Pakhowal Road. Officials expressed concern that without significant projects, LIT…

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Ludhiana Suvidha Kendras Now Open Weekends for Property Tax

LUDHIANA: To facilitate timely submission of pending property taxes, MC commissioner Aaditya Dachalwal has announced that zonal suvidha kendras will remain open on Saturday, July 26, and Sunday, July 27. This decision was made as July 31 marks the final date for property tax payments without incurring penalties or interest under the state’s one-time settlement (OTS) policy. Officials indicated that property taxes should be paid on a self-assessment basis annually. Failure to pay will result in a 20% penalty and 18% annual interest on the outstanding amount. Under the OTS policy, residents can settle their pending tax by July 31,…

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Pay Property Tax by July 31 for Benefits: Ludhiana Chief

LUDHIANA: With just one week remaining for residents to settle their outstanding property tax without incurring any interest or penalties, MC commissioner Aaditya Dachalwal has urged them to take advantage of the one-time settlement (OTS) scheme by submitting their dues by July 31. The MC chief has instructed zonal commissioners, superintendents, and other officials to hasten the collection of dues from residents and take action against defaulters. He convened a meeting at the zone ‘D’ office of the civic body in Sarabha Nagar on Thursday, attended by MC additional commissioner Paramdeep Singh, assistant commissioner (UT) Pragati Rani, and zonal commissioners…

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TDI Infrastructure Repays ₹2,000 Crore, Achieves Debt-Free Status

NEW DELHI: TDI Infrastructure Ltd has successfully repaid its total debt of Rs 2,000 crore, officially becoming a debt-free entity. In a statement released on Thursday, the company confirmed that it has “cleared all outstanding obligations amounting to Rs 2,000 crore without any restructuring, settlement, or waiver.” TDI Infrastructure is now focusing on consolidating its assets and developing both residential townships and commercial properties. TDI Infrastructure’s Akshay Taneja commented, “Achieving a debt-free status has been a significant milestone in our transformation journey. It exemplifies our long-term discipline and commitment to delivering tangible results while upholding financial integrity.” The company plans…

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Ludhiana Civic Body Overwhelmed by Property Tax Hike Queries

LUDHIANA: Following the announcement of a 5% increase in property tax, civic officials are fielding numerous inquiries from residents regarding potential new tax payments. The state government’s notification specifies that the revised rate will take effect from April 1. However, officials from the Municipal Corporation (MC) clarified that this increase has been in place since 2021 and is already being collected. This recent notification stems from a letter issued in 2021, allowing the state government to access additional borrowing from the central government under various schemes. The local bodies department’s letter indicates that, for ULBs (Urban Local Bodies) to qualify…

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Ludhiana to Build Construction and Demolition Waste Plant

Representative image created by AI LUDHIANA: After years of delays, Ludhiana’s civic authorities have launched a long-awaited construction and demolition (C&D) waste processing plant, aimed at tackling the city’s issue of illegally dumped construction debris. Located in Dhandhari, the facility was inaugurated on Wednesday after an inspection by Municipal Corporation Commissioner Aaditya Dachalwal and senior officials. The project, worth ₹7.39 crore (A$1.3 million), was funded under the Swachh Bharat Mission and the Smart City Mission, and is designed to process up to 100 tonnes of construction waste daily. “This plant will enhance cleanliness throughout the city,” stated Commissioner Dachalwal. “We…

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Ludhiana Identifies Over 150 Unsafe Buildings

LUDHIANA: The town planning department has completed a new survey identifying 159 unsafe buildings across the city, covering all four zones. Officials have compiled a list and issued notices to the owners of these properties. The survey indicates that Zone D has the highest number of unsafe buildings at 55, while Zone A, which includes the old city, has 48. Zones B and C follow with 21 and 35 unsafe buildings, respectively. Comparatively, a 2021 survey showed Zone A had 64 unsafe buildings, with Zones B, C, and D reporting 21, 38, and 33 unsafe buildings, respectively. An official noted…