Secunderabad Cantonment Board Offers OTS for Property Tax Dues
HYDERABAD: The Secunderabad Cantonment Board (SCB) has introduced a one-time settlement (OTS) plan for property tax arrears. This initiative aims to alleviate the financial burden on property owners by providing concessions on the interest accrued from outstanding tax dues. The plan applies to arrears accumulated until March 31 and aligns with the Cantonments Act, 2006. Under the OTS plan, property owners may receive a 30% discount on their accumulated interest or a maximum of ₹10,000, whichever is greater. If the total interest is less than ₹10,000, owners can benefit from a full waiver of that interest. It’s important to note…