My house in Bangalore is one of our biggest investment yet. However, this investment has never given me a sleepless nights because I know i can trust this is well taken care of by your team at Total Home Secure. I have enjoyed very high level of customer service every time.
All Property details in just one card soon [TOI 11th March 2013]
All those property tax defaulters who, for instance, have claimed their four-storied house as two-storied in the self-assessment scheme have to face the music now. The BBMP is set to verify the tax paid by such defaulters through its random checks.
Commissioner Siddaiah has set a deadline of one more month for his officials to track property tax defaulters across the city and recover dues of Rs 1,000 crore. “People have suppressed facts from the BBMP on the extent of their properties,” he said.
Siddaiah told the BBMP council on Wednesday that there are 3.25 lakh tax defaulters in the city who owe the Palike more than Rs 786 crore. “If we levy 2 % penalty per month on each of them, we can mop up about Rs 1,000 crore,” he said.
Citing the example of a tech park and a fivestar hotel which are among the property tax defaulters, the commissioner said, “A five-star hotel in the central business district has undervalued the extent of its property and paid Rs 26 lakh as against the actual Rs 87 lakh. A tech park that houses more than 12,000 people has declared its total area as 11 lakh sq ft, whereas it's spread across 27 lakh sqft of area. We have given them 15 days to pay dues of Rs 60 crore. If they do not fall in line, we know what to do,” he said.
Siddaiah also spoke about BBMP’s delay in issuing khatas to property owners because of which many are not under the tax net. “Ideally, after introducing the self-assessment scheme (SAS), we should have started verification of tax paid and the actual extent of properties. But that wasn't done. Now everyone in the BBMP, including its chief engineers, executive engineers and even the special commissioner, has been roped in to re-assess the property tax paid,” he said.
DON’T EVADE TAX USING BOGUS BILLS
The income tax department has asked all assesses to pay their due taxes to avoid penalty. This follows information about certain assessees of Karnataka and Goa region who have booked purchases using non-genuine/bogus bills, to reduce tax liabilities. The department on Tuesday said it has begun investigation into these cases.