Property Tax: BBMP Expects to Collect Rs 4,500 Crore in Property Tax | Bengaluru News

Property Tax: BBMP Expects to Collect Rs 4,500 Crore in Property Tax | Bengaluru News



Bengaluru: The Bruhat Bengaluru Mahanagara Palike, which has collected more than Rs 3,320 crore in property tax between April 2023 and the first week of January is confident of mopping up Rs 4,500 crore by the end of the fiscal.
Comparatively, between April 2022 and the first week of January 2023, the Palike had collected nearly Rs 2,749 crore, while the amount for the whole of the last fiscal stood at Rs 3,155 crore.
“We have adopted several measures to collect tax from the defaulters and also taken steps to collect tax from those who evaded it. So, we have collected more tax than we achieved in the last fiscal. We may collect Rs 4,500 crore as property tax by the end of March,” said BBMP chief commissioner Tushar Giri Nath. Among the measures the BBMP has put in place to increase tax collection are the identification of commercial properties through the Bescom database, recovery of taxes from malls, review of a portion of self-assessment affidavits and the sealing of the commercial properties for failing to pay the tax.
Tax is collected under section 144 of the BBMP Act, 2020, which empowers the Palike to seize movable, immovable and bank accounts of tax defaulters. The BBMP’s revenue department officials said they had prepared a list of property tax defaulters and in December, started sealing their properties. tnn





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