New Delhi, October 5 – Masarat Shah
In a significant development, the government has decided to put on hold the imposition of Property Tax across the Union Territory (UT) until further notice.
This decision comes as a response to the concerns and feedback received from various stakeholders and citizens regarding the proposed Property Tax regime.
The government’s decision to pause the implementation of Property Tax is aimed at allowing for a more thorough and comprehensive review of the proposed tax structure, its potential impact on the public, and the overall tax policy framework.
The UT administration is expected to conduct a detailed assessment and engage in further consultations with stakeholders before any decision is made regarding the future of Property Tax in the region.
This temporary suspension of Property Tax imposition underscores the government’s commitment to ensuring that tax policies align with the best interests of the people and the economic well-being of the Union Territory.
