50% passenger tax waived in J&K

The Administrative Council, which met under the headship of Lieutenant Governor (L-G) Manoj Sinha in Jammu , approved exemption of 50% of passenger tax chargeable on various vehicles from April 1, 2020 to March 31, 2021. It will address the demand of the commercial transport operators, who had suffered losses due to Covid-induced lockdown.

Key Points:

• The tax already paid shall be adjusted against the liability accrued or accruable in the next financial year — April 1, 2021 to March 31 this year.
• The council also approved the transfer of 2318-kanal land in seven villages at 17 locations in Srinagar and Budgam, free of cost in favour of Housing and Urban Development Department for construction of housing colonies.
• The Srinagar Development Authority (SDA) and J&K Housing Board (JKHB) have been tasked with finalising designs and other modalities of these projects.