Name of the Organization : Odisha e-Municipality (ulborissa.gov.in)
Type of Facility : Apply For Holding Number & Check Application Status Online
Location : Bhubaneswar
Website : https://ulborissa.gov.in/or/emun/home
Odisha e-Municipality Related Content:
Trade Licence Application: https://www.indianjobtalks.in/23744.html
New Water Connection : https://www.indianjobtalks.in/23694.html
Property/Holding Tax :
Holding Tax has got the nomenclature of Property Tax in the Odisha Municipal Corporation Act, 2003. But since Rules and by-laws regulating the property Tax is in the pipeline, for the time being as per Odisha Municipal Act, 1950 Holding Tax is being collected.
Apply & Check Status Here : https://ulborissa.gov.in/or/ulb/citi…er&ulb=%2Femun
How To PayHolding Tax :
For assessment of your Holding contact the Tax wing of BMC.
Please furnish your approved building plan’s copy for facilitating assessment.
Apply for mutation of Holding if any, Change in the ownership of Holding takes place by way of sale, gift, inheritance with proper documents.
Pay your Tax in Time & help us in making our Capital City Clean and Green. —–G.A. Department Notification dated 01.05.1998
Holding Tax has got the nomenclature of Property Tax in the Orissa Municipal Corporation Act, 2003. But since Rules and by-laws regulating the property Tax is in the pipeline, for the time being as per Orissa Municipal Act, 1950 Holding Tax is being collected.
Any holding within BMC limits having clear right, title, interest of the holder is liable to pay Holding Tax AT of 17.5% of the annual value of the holding depending on the nature of holding, i.e. either residential or commercial.
(A) Residential :
The Annual Value of a Holding for residential purpose is calculated as per following procedures.
Step I – Plinth area of the holding in Sq. Meter x Rs 13.65 = say X
Step II – Deduct 15% of “X” towards repair & maintenance
Step III – Add 0.5% of the land cost where the holding is located (Land cost to be determined as per G.A. Department Notification dated 01.05.1998)
Hence Annual Value Amount arrived through = (Step I + Step III – Step II)
Holding tax is levied per annum AT 17.5% of the Annual Value whose break up is as follows :
Holding Tax – 10%
Latrine Tax – 2.5%
Street Light – 5%
Total – 17.5%
(B) Commercial Holding :
The Annual Value of Holding of a Commercial unit is calculated by the following Procedure :
Step I – Add Civil Cost of the building + the cost of P.H & Electric fitting
Step II – Take 7.5% of the value arrived through step I
Step III – Add 0.5% of the land cost with Step II
Step IV – 17.5% of the Cost arrived at Step III is the Holding Tax payable per annum
(C) Residential Holding Used On Rent :
Tax to be fixed on holdings given on Rent the following procedure is followed :
Step I – Monthly rent of the building x 12 = X
Step II – Deduct 15% of X towards maintenance cost
Step III- Add 0.5% of the Land Cost where the building is located
Step IV- Hence annual value of the building is (Step I + Step III – Step II)
Holding Tax is levied AT 17.5% of the Annual Value arrived at Step IV Govt. buildings, Govt. Hospitals, Govt. educational institutions, Govt. cultural institution only pay 7.5% towards latrine tax & light tax and such institutions are being exempted of paying 10% Holding Tax as per the Act.
Holding Tax constitutes the prime source of Revenue for the Municipal Corporation. On finalization of Rules & bye-laws the Corporation will be introducing the self-assessment of the Holding dispensing with the cumbersome process of assessment thereby bringing more transparency in to the Assessment procedure, which will facilitate the collection of dues also.
Note :
Non-payment of Holding Tax as per the provision of the Act can land a holder into many troubles on invoking of the Penal provisions of the Act.