Tax net
The Bruhat Bangalore Mahanagara Palike (BBMP) is all set to issue Property Identity (PID) numbers to all property owners from September 15. The aim is to bring 16 lakh properties in Bangalore under the tax net to increase the revenue collection. Palike sources state that PID scheme is in the final stages. Properties in the [...] Continue Reading »
In a move to generate more revenues for the Bruhat Bangalore Mahanagara Palike (BBMP), a new proposal has been forwarded to garner an additional Rs. 140 crore by bringing malls under the tax net. The 107 malls in the city would be divided into groups on the basis of area they cover in sq. ft. [...] Continue Reading »
There are 20 lakh households in Hyderabad as per the census data, whereas the assessed properties with the Greater Hyderabad Municipal Corporation (GHMC) is only 12.5 lakh. Of the total, 10.5 lakh properties are residential, while two lakh are commercial properties. There is confusion over the huge difference in the number of properties in the [...] Continue Reading »
