27 may 2015

Page 1

BIG RELIEF IN PROPERTYTAX

Regd. No. MCS/035/2015-17 RNI Regn. No. 43675/1985 MUMBAI WEDNESDAY, MAY 27, 2015 32 PAGES `3 Website: www.afternoondc.in

Aft er oo

Gold: `27,200 Silver: `39,000 US Dollar: `63.98 Temperature: 330C/230C Humidity: 67%

Education&Career Pg13-20

‘NO FLYING BALLOONS’ Airport area police stations ordered not to grant NOC for use of ad balloons

There will be no Property Tax for tenements upto 500 sq ft, assures CM

By Prashant Hamine

I

n a major relief to tenants of tenements admeasuring upto 500 sq ft, Chief Minister Devendra Fadnavis yesterday assured a delegation led by Mumbai BJP president Ashish Shelar that the government will consider giving relief in Property Tax. The new property tax regime adopted by the Brihanmumbai Municipal Corporation (BMC) from this fiscal year has hiked the

tax by 40 per cent for tenements up to 500 sq ft or less than that area. The Chief Minister stated that the government if need be, a decision will be taken at the state cabinet meet and a notification to this effect will be issued. In a statement issued here yesterday Shelar stated that about eight

lakh tenements are less than 500 sq ft area and the hike in property tax rate has resulted in widespread resentment among the common people. He argued that in order to give relief to the ordinary citizens living in small tenements it was imperative that an amendment was made to section 140(A) of the BMC Act. Fadnavis assured the delegation that the issue was of utmost concern for the common man and hence the government will take an

immediate decision on it. Shelar added that due to the faulty property tax regime adopted by the BMC in the last five years, the civic body has collected additional tax revenue of Rs. 1,200 crore. He demanded that this surplus tax revenue be returned back to the people. The Mumbai BJP president further pointed out that the High Court too has issued directives to the BMC to this effect and has also sought the opinion of the Advocate General.

Police arrested two event organisers — Kunal Shah and Nilesh Shrimankar in the ‘mysterious parachute’ case.

N

By Zuber Ansari

Five more Swiss a/c names revealed B

ERNE: Industrialist Yash Birla, as also two Mumbai-based individuals behind City Limousines scam, are among five Indian nationals with Swiss bank accounts whose names have been made public in Switzerland's official gazette with regard to ongoing tax probes against them in India. The other two are Gurjit Singh

Kochar, son-in-law of late realty baron Ponty Chadha, and a Delhibased businesswoman Ritika Sharma. The names of these five 'Indian nationals' have been made public in Switzerland's Federal Gazette with regard to details sought about them by the Indian authorities, reports PTI.

Among these, some details have already been shared by the Swiss Federal Tax Administration (FTA) with India including about Birla and Sharma of Blessings Apparel. These are in addition to the two other Indians -- Sneh Lata Sawhney and Sangita Sawhney -- whose names have also been made public in similar manner for being probed

by the Indian tax authorities. In case of Sayed Mohamed Masood, being probed for a major ponzi scheme run from Mumbai through City Limousines, some details were shared by the Swiss authorities in the past. His accounts were also frozen a few years ago Continued on pg 12 «

ow that the city police has finally cracked the mystery of the 'unknown floating objects' over the Chhatrapati Shivaji International Airport by arresting two men on Tuesday, the topbrass of the Mumbai police have instructed all police stations around the airport not to issue any NOC for use of advertising balloons in the future. This strict directive applies to several police stations close to Continued on pg 12 «


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