The Times of India 10.12.2010
BBMP needs to collect Rs 596 cr in three months
BANGALORE: It's a tough target ahead for the BBMP with just a little over three months remaining to meet its Rs 1,500 crore estimate from property tax for this financial year and Rs 596 crore yet to be collected.
As on December 9, BBMP has collected a total of Rs 904 crore from 10.12 lakh properties across the city. This is its highest collection with the revised tax collection under the self-assessment scheme ( SAS). Yet, the crisis remains, considering the increasing liabilities and higher target set for this year.
However, the Palike hopes to meet its target by March 2011. Notices are also being despatched to those yet to pay the tax and also to those who have filed wrong returns.
As on December 9, BBMP has collected a total of Rs 904 crore from 10.12 lakh properties across the city. This is its highest collection with the revised tax collection under the self-assessment scheme ( SAS). Yet, the crisis remains, considering the increasing liabilities and higher target set for this year.
However, the Palike hopes to meet its target by March 2011. Notices are also being despatched to those yet to pay the tax and also to those who have filed wrong returns.
