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Tax defaulter’s list includes star hotels

No Comments Sub Category:Bangalore,Cities,Civic Issues,Property Tax Posted On: Jan 30, 2013

Bangalore property taxIn view of the huge difference in the tax amount due from them and the actual tax paid, the BBMP has taken up a drive to verify the property tax filed by the commercial properties in the city.

Big players in the hospital industry have made an entry into the infamous list of property tax defaulters. According to BBMP, a five star hotel in the heart of the city and a seven star hotel in Bangalore East have devaluated property tax assessment under the self-assessment scheme.

BBMP has sent notice to the defaulters but there was no response from their side so far. BBMP Commissioner told the officials to collect the dues from the tax defaulters.

The defaulters list does not end here. Seven tech parks are also there in the list of defaulters. The Palike said it has to get Rs 107.86 crores extra property tax from just 10 properties in the city.

BBMP has prepared a list of 10 properties from three divisions – Shivajinagar, Gandhinagar and Mahadevapura – which have under-declared property tax. The BBMP has discovered that it has to get Rs 10.12 crore extra from those 10 commercial establishments. After revalidating just 12 tech parks in the city they have found a difference of Rs 36 crore.

It is said that BBMP Standing Committee on Tax and Finance has submitted a proposal to increase unit rates of property tax by 20 percent for residential properties and 25 percent for the commercial properties.

The Karnataka Municipal Corporation Act (KMCA) has a provision of a hike of 15- 30 percent every three years. The property tax rate which expired on March 2011 has not been revised so far.

The new financial year will start on April 1, 2013 and there is a provision to revise the property tax rate based on the guidance value fixed by the Stamp and Registration Department in the limits of the BBMP. The standing committee has already submitted a note before BBMP council to take a quick decision on the issue.

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