External development charges of 11000 cr to be collected from Haryana Developers.

Q: This amount was not collected from the licenses granted by department of town & country planning .

Baljeet Singh, Chandigarh

9th March 2015

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Replies (2)

Hi Mr Baljeet,

HUDA spends this cash as external development works as outlined in Haryana Development & laws of Urban Areas Act, 1975. HUDA generated resources, together with External Development Charges (EDC), of Rs 32,039 between 2004-05 to 2013-14 against, that the expenditure toward land acquisition and development works collective Rs twenty nine,051 crore.

Sujan Mitra,

9th March 2015

Comment

Hi Baljeet,

As per my knowledge, the Minister same that due to some accounting "anomally", the taxation department charged HUDA tax amounting to Rs three,488 crore. "It could be a matter of concern that HUDA neither corrected its mistake nor contested with taxation Authorities for sick Rs three,488 crore," he said.

Ananya,

9th March 2015

@ Baljeet,

In last ten years, HUDA received Rs 15,000cr less funds (Rs 11048 cr EDC and Rs 3488 financial gain tax). Had it been accessible with us, it may are spent on state's development," the state minister aforesaid. According to the white paper, "HUDA has paid revenue enhancement to the tune of Rs 3488 on its turnover instead of on its profit as a result of non-compliance of accounting standards.

Sukhmeet S, Chandigarh

9th March 2015

Hi Baljeet singh,

A banging Rs 11000cr is however to be collected as External Development Charges (EDC) from property developers in Haryana, in line with a white-paper free by authorities. This quantity was outstanding against the licences granted by the Department of city & Country designing in varied Urban Estates in Haryana, that wasn't collected from the licensees.

Harleen K, Chandigarh

9th March 2015

Comment

Hi Mr Singh,
Expressing serious concern over the non-receipt of EDC from realty developers, Haryana minister of finance Captain Abhimanyu said: "In last ten years, a total of Rs 11000cr ought to are attributable into the account of Haryana Urban Development Authority (HUDA) that has become owed currently and not collected thus far. it's conjointly a matter of significant concern that no collateral security has been taken from these developers against total of Rs eleven,048 crore," he added. HUDA collects receipts from colonizers for modification of land use permission etc through board of city and Country designing.

Ravi S, Chandigarh

9th March 2015