Amendment status not verified — confirm the current text below against the official source.
Amendment of : In Section 253 of the Principal Act, a new section 253-A shall be inserted, Section 253 namely:- “253-A. Default in submission of Returns : (1) If any owner or other person, liable to pay the property tax under this Act and Rules framed there under, fails to submit the self- assessment returns and pay such property tax together with interest, if any, (2) If, after the assessment of annual value of any land or building is finally made under this Act, the payment on self-assessment under this Act and Rules framed there under is found to be less than that of the amount payable by the assessee, the assessee shall pay the difference within the stipulated period as prescribed under the Rules, from the date of final assessment, failing which recovery shall be made in accordance with the provisions of this Act, but, after the final assessment, if it is found that the assessee has paid excess amount, such excess amount shall be adjusted against the tax payable by the assessee.”