In Lucknow, incorrect property tax self-assessment will result in penalties.
The Lucknow Municipal Corporation (LMC) has warned that inaccurate information entered into the property tax self-assessment software would result in a warning. The offender will be penalised four times the gap between the current property tax and the amount paid. LMC’s self-assessment programme, designed to eliminate the misconduct, is set to be released shortly. The programme would track property-related data in a jurisdiction and help buyers to compute and pay property and commercial taxes online. They will be expected to complete a self-assessment form, that will be reviewed by the local revenue officer.… Read more