The Greater Hyderabad Municipal Corporation (GHMC) is facing an unusual problem of bounced cheques in relation to collection of property tax this year.
A large number of cheques issued in property tax payment have bounced when submitted for realisation since April, 2021, worsening the financial condition of the civic body which is already under severe stress. As a result, the property tax collection has been below par thus far, keeping the authorities on tenterhooks. Ultimatums have been issued to the circle level officials to improve the collection or face action.
