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Spy camera traders seek relief

With the Aam Aadmi Party (AAP) coming back to power in Old Delhi, the traders of Connaught Place hope to urge their long-standing 'tax woes' addressed .

The traders have approached Chief Minister Arvind Kejriwal, UN agency is additionally associate degree MLA from capital of India body, seeking to cut back taxes on industrial properties within the space.
The businessmen operational within the NDMC space need to pay 10-12 times additional land tax than their counterparts within the areas falling below municipal firms, they complained.
Sources same the traders have additionally managed to urge the matter on the agenda of the NDMC meeting on Gregorian calendar month ten.
"We have approached each the NDMC and also the Old Delhi state supreme court, however no concrete action has been taken up to now. however the AAP government's new and stern policies for the betterment of individuals have induced recent hope for the distressed traders of Connaught Place," Atul Bhargava, president of the capital of India Traders Association, told Mail nowadays.
In a letter sent to the new chief minister on weekday, the traders demanded that there ought to be one uniform land tax system across the town.
"If the facilities provided by NDMC ar same as MCD's, then what's the purpose of paying ten times additional taxes? One should understand that in terms of business, it's not that retailers in CP ar creating ten times additional profit. Also, as a result of the CP renovation project, traders have lost out on many large integer over the last 3-4 years," Bhargava same.
Furthermore, alternative market traders within the capital of India Municipal Council (NDMC) areas are in distress whereas unsuccessfully appealing to the civic body to cut back land rates. Ever since the exponential increase in land rates, from 2008 onward - from Rs twenty eight,980 per sqmt to nineteen.35 large integer per sqmt for industrial institutions, lease holders in Khan Market, Sarojini Nagar Market, etc ar having a tough time cope up with annual finances.
Commenting on the problems, NDMC chairman Jalaj Shrivastav said: "The call to exponentially increase the land rates and land tax rates was created by the Council and not by the civic body. The traders are meeting separate council members for months currently and eventually the matter is probably going to be mentioned throughout Thursday's council meeting."