Taxation

BBMP needs to collect Rs 596 cr in three months

Friday, 10 December 2010 11:18 administrator

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.

BBMP tax collection on track

Friday, 10 December 2010 06:47 administrator

The Deccan Herald 10.12.2010

BBMP tax collection on track

Bangalore, December 9, DHNS:

The Bruhat Bangalore Mahanagara Palike (BBMP) has stated that it has crossed the half-way mark in meeting the property tax target of Rs 1,500 crore this financial year.

As on December 6, the Palike has collected Rs 904 crore since April 2010.

The BBMP said in a release that an intensified drive has been initiated in all the eight Palike zones to bring all existing properties under the tax net.

The Bruhat Bangalore Mahanagara Palike has stated that the ongoing survey would be completed within a month and the defaulters would be served notices.

Raking in the moolah

Last Updated on Friday, 10 December 2010 06:54

Non-payment of tax: BBMP to issue notices

Friday, 10 December 2010 05:10 administrator

The Hindu 10.12.2010

Non-payment of tax: BBMP to issue notices

Staff Reporter

BANGALORE: The Bruhat Bangalore Mahanagara Palike (BBMP) will start issuing notices to property owners who have not paid property tax beginning January 2011.

The palike has set a target of Rs. 1,500 crore towards property tax collection for the current financial year. Of this, Rs. 904 crore has already been collected till December 9, BBMP Commissioner Siddaiah said in a release.

Survey

He said the survey work to bring all the properties within the palike limits was in progress in all the eight zones.

The survey would be completed by this month-end and notices issued to defaulting property owners thereafter, the commissioner said.

Over 10 lakh

The number of property owners who have paid the tax this year had crossed 10 lakh, as against 8.64 lakh in 2009-10 and 8.4 lakh in 2008-09, he added.

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