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4 days ago · Bengaluru: The Bruhat Bengaluru Mahanagara Palike (BBMP) has announced that it will begin sealing non-residential properties with significant property tax arrears from December 1. BBMP Chief Commissioner Tushar Girinath issued this directive during a meeting with senior officials, aiming to improve property tax collection and address unpaid tax concerns across the city.
Feb 21, 2024 · Good news for Bengaluru property owners, Penalty on tax dues slashed by 50%. Details here. Karnataka Assembly passes BBMP Amendment Bill 2024 reducing property tax penalties by 50%. The...
Avail benefits like penalty equal to evaded tax and complete interest waiver on all property tax arrear under ‘One-Time Settlement’ OTS scheme . Rebate period for 2022-23 Assessment Year is extended till 30th of April 2022 only for Full year payments of property taxes.
4 days ago · BBMP Chief Commissioner Tushar Girinath has directed officials to seal non-residential buildings with significant tax arrears. The move aims to improve property tax collection, especially from defaulters. The One Time Relief scheme ends on November 30, after which tax liabilities will double, prompting increased awareness and action.
Aug 9, 2024 · Under the OTS scheme, property tax payers in the Bruhat Bengaluru Mahanagara Palike (BBMP) area can benefit from a complete interest waiver on outstanding dues. Additionally, penalties on overdue amounts have been halved, Shivakumar said.
4 days ago · Bengaluru's BBMP reports a significant property tax collection of 70% for 2024-25, led by Mahadevapura at 74.4%. ... As per the latest report, over 1.6 lakh defaulters collectively owe Rs 397.3 ...
Feb 21, 2024 · The tax-payer friendly BBMP Amendment Bill 2024, which brings down the penalty on property tax dues by 50% in Bengaluru city limits, was passed in the Legislative Assembly on Tuesday.
Bengaluru's new property tax system aims to simplify and rationalize taxation, boosting revenue for BBMP. Citizens urge re-evaluation for fair tax distribution.
Mar 1, 2024 · BBMP expects to generate ₹322 crore from penalties and interest on property tax arrears this year. The property tax target for 2024-25 is ₹4,470 crore, 26% higher than the revised estimates ...
Jan 2, 2024 · BENGALURU: With nearly six lakh people yet to pay their property tax which totals up to Rs 500 crore, the Bruhat Bengaluru Mahanagara Palike (BBMP) has started cracking the whip to get them...
