In protest against increase in professional, property taxes
TIRUNELVELI: The twin towns of Tirunelveli and Palayamkottai suffered a business transaction loss of over Rs.35 crore as more than 95 per cent of the traders downed the shutters of their business establishments on Tuesday protesting the “steeply hiked professional and property taxes” by the Corporation.
After the Corporation decided to increase the property tax by 80 per cent and professional tax by 50 per cent, traders having their business establishments within the corporation limits, decided to down shutters for 24 hours from Tuesday 6 a.m.
Barring insignificant number of small roadside teashops and IMFL retail outlets, all business establishments remained closed and the public suffered a lot in view of the protest. Commuters who came to Tirunelveli and Palayamkottai from far off places with their families suffered a lot as nothing was available for them to eat.
The twin towns would have faced a business transaction loss of Rs. 35 crore.
“Even as we’ve suffered such a huge transaction loss in view of the protest, the government had to sacrifice the sales tax revenue of over Rs.20 lakh from the traders of Tirunelveli and Palayamkottai, who cannot be considered as professionals as doctors to be levied the professional tax. Hence, the local body should consider the legitimacy in our genuine demand,” said Jayaprakash Narayanan, a leading hotelier.