Amendment status not verified — confirm the current text below against the official source.
In section 385H of the principal Act,- (1) in sub-section (6), for clause (d), the following clause shall be substituted: "(d) the multiplicative factors for increasing or decreasing, or for not increasing or decreasing, the base unit area values for a covered space or land comprising building or any vacant land within each category specified above, taking into consideration the parameters of type of location, use and age structure, occupancy status, and such other relevant factors of such vacant land, land including any building or buildings, as the case may be, as the Municipal Valuation Committee considers necessary, along with apoint scale assigned for each parameter, to be determined by the Valuation Committee, subject to a lower limit of0.5 and upper limit of 8.0 in the said point scale, for the purpose ofderiving the final base unit area value of such covered space or land comprising building or any vacant land."; (2) after sub-section (30), the following sub-section shall be inserted:- "(31) Preparation of assessment list -After publication offinal scheme by the West Bengal Valuation Board, the owner or person liable to pay property tax shall file areturn ofself-assessment eitherdigitally ormanually as decided by the Industrial Township Authority in such form and within such period as may be specified in the said scheme, of their property based on the rate chart stated in the final scheme: Provided that theIndustrialTownship Authority shallprepare an assessment list within a year from the date of publication of final scheme comprising all holdings within their jurisdiction based on the rate chart stated in the final scheme published by West Bengal Valuation Board. [PART III 43 of 1961. 18 of 2013. PART III] THE KOLKATA GAZETTE, EXTRAORDINARY, JANUARY 21, 2025 The West Bengal Municipal (Amendment) Act, 2024. (Section 4.) Provided further that ifany owner or person liable to pay property tax fails to comply self-assessment in due time or suppress any part oftheir property, it shall be treated as wilful suppression of facts and the person liable to pay property tax shall bepenalised not exceeding thirty percent oftheproperty tax enumeratedin theassessmentlistpreparedbytheIndustrialTownship Authority in addition to the property tax.". By order of the Governor, PRADIP KUMAR PANJA, Pr. Secy. to the Govt. of West Bengal, Law Department. Published by Law Department, Government of West Bengal and Printed at Saraswaty Press Ltd.(Government of West Bengal Enterprise), Kolkata 700 056. 3