Monday, May 11, 2020

Tamil Nadu offers extension of three months on payment of property tax


Amidst the corona virus lockdown, Chief Minister of Tamil Nadu Edappadi K. Palaniswami extended the deadline for several loans and other payments to be paid appropriately by a quarter.

Chennai: To provide relief amid the COVID-19 lockdown, Tamil Nadu Chief Minister Edappadi K. Palaniswami noted in his address that property tax payments, water charges, agricultural loan installment to cooperatives, housing loan installment to cooperatives, Tamil Nadu Housing Board, Loan fisheries and hand loom cooperative society’s installments can be postponed by 3 months.

The government has also offered to extend the deadline for loan repayment to Tamil Nadu Industrial InvestmentCorporation (TIIC) and from StateIndustries Promotion Corporation of Tamil Nadu Limited (SIPCOT) then payment of maintenance expenses to units working in SIPCOT industrial undertakings.

According to Edappadi K. Palaniswami, a separate fund of INR 200 crore will be activated to finance the urgent requirements to run micro, small and medium sized units.

The extension also includes renewal of driving license and period of obtaining fitness certificate for vehicles till June 30, 2020.

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