Feroze Gandhi market assn seeks aid in land taxation | Ludhiana News

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Ludhiana: The Dealers and Home Owners Association at Feroze Gandhi market have composed a letter to chief minister Amarinder Singh on Tuesday, seeking comfort in the land tax that they cover their commercial properties. The institution members asserted that for more than six months that they had been not able to conduct their business correctly and by September 30 they needed to clear the land taxation at the rate of 7.5 percent, which is quite significant.
The chairman of this institution, Col (rRetd) Harjap Singh, said the government of Punjab to maintain hand of companies in the exact proactive fashion since it’s assisting farmers of Punjab. He said the state government was performing exceptionally well on all fronts to assist individuals and struggle Covid-19.
Singh said the pandemic had affected companies most ironically and that there was a sharp drop in rental income and several tenants had vacated the premises were under the procedure to vacate the rental home, the majority of which are lying empty.
Firms are confronting unprecedented reductions and are still staring in an unpredictable future with mounting obligations, he said, while adding that the state government must help them while decreasing the overall tax rate, that has been fixed at 7.5 percent, for this fiscal year at the final date of decreasing this taxation ought to be postponed to December 31 or even afterwards. He said generally they had to pay the tax from September conclusion if they needed to avail 10% ).

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