(1) Income from Licence fee shall be accrued on an annual basis at the beginning of the year, in accordance with Chapter 4 of these rules.
(2) Income from new licences shall be accounted as and when they are received;
39
(3) Provision for unrealised licence fees shall be made at the end of the year, in accordance with the following norms:
(i) 50% of amount outstanding for more than 2 years, but not exceeding 3 years;
(ii) 100% of amount outstanding for more than 3 years.
(4) Such a provision is made on an overall basis in the accounts and neither any change shall be made in the DCB Register, nor shall this be treated as a reduction of demand or write-off.
Action shall be continued to be taken to collect the outstanding amounts by legal means provided under the Act.
CHAPTER 12 PROCEDURE FOR ACCOUNTING OF RENTAL, FEES AND OTHER INCOME
64. Revenue from Rent of Properties— (1) The Municipality shall maintain a Special DCB Register in KMF NO.25 referred to in Rule 53(1)(b) above, to record all rents from municipal properties like land, shops, shopping complex, etc due on monthly basis to watch timely collection. This shall be based on previous years demand and agreements. This shall include new shops or shopping complex let out on rent during the year.
Separate pages may be allocated for each class of revenue and location.
(2) The Municipal Commissioner or Chief Officer as the case may be, shall periodically, but not later than once in six months, cause the register to be examined, and certify that the record is correct.
(3) If the collections of these rents are made through the agency of a tax or rent collector, the procedure prescribed for collection 40 by bill collector shall mutatis mutandis apply to these collections also.
(4) If the demands are required to be paid at the Municipal Office then for each remittance so made, a receipt in KMF NO.
14 shall be issued. Immediately on receipt, the money shall be brought to account in the Collection Register of the Cashier and also the Department or Section shall record it in the relevant DCB Register.
(5) Non-refundable Premium (lump sum) received at the time of auction of shops, shall be treated as liability at the point of collection, and allocated equally as income over the period for which shops have been let out.