The scheme is proposed to be implemented from October 2 to November 30. The plan is to allow 80% waiver of penalty charges for properties with tax dues up to Rs50 lakh, including interests.
The standing committee, in which the BJP is in majority, was in favour of a blanket waiver. However, this was opposed by Congress, NCP and Shiv Sena. A supplementary demand was tabled to put a cap, which was approved unanimously.
Standing committee chairperson Hemant Ranse said the scheme was expected to help the civic body recover tax dues of around Rs1,000-Rs1,200 crore. The standing committee also approved extension of the 15% rebate on the general tax component on the payment of property tax up to September 30.
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