Posts Tagged ‘property tax’

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BBMP to Issue notice to defaulting property owners for 2008-09 and 2009-10

Tuesday, February 9th, 2010

According to an estimate, nearly 2.5 lakh property owners have not paid their property tax for 2008-09 and 2009-10. Now, the civic authority plans to do a door-to-door survey to issue notices to the defaulting property owners and make them pay the dues.The demand notice will give them 15 days time to make the payments with two per cent penalty.

“Our officials have been visiting all these buildings and issuing notices to the occupants, irrespective of whether they are the owners or not,” said an official. BBMP expects to meet the shortfall of Rs 400 crore in the two months time.

Despite issue of notices,many of property owners has not paid property tax 2008-09 & 2009-10 under SAS.If the property tax for 2008-09 has been paid, property owners can avail the facility of online paying for year 2009-10 by using Visa/Mastercard on BBMP’s website.

The property owners without Occupancy Certificate can pay property tax under Self Assessment Scheme (SAS) with their title deed (sale deed).The property will be registered in BBMP’s B-Register until regularization of property.The property owners cannot file self assessment declaration once assessment order is issued. BBMP requests property owners co-operation during inspection and assessement by BBMP officials.

Last chance for defaulters

  • For payment made after 30th November 2009, an interest of 2% per month will be levied.
  • Property owners paid property tax for 2008-09 can avail the facility of online paying for the year 2009-10 by using Visa/Mastercard on BBMP’s website.
  • The property owners without Occupancy Certificate can pay property tax under Self Assessment Scheme (SAS) with their title deed (sale deed).
  • The demand notice will give property owners 15 days time to make the payments with two per cent penalty.
  • Further action will be taken against them as per the provisions, if defaulters do not pay their dues even after receiving demand notices.
  • Log on www.bbmp.gov.in or your nearest Help center for more details.

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Will the 1BHK concept satisfy the urge for a comfortable home?

Monday, December 21st, 2009

The home buyer is normally a person who wants to set up a family or one who looks around for investment options. With the tax exemptions allowed by the government for repayment of loans and interest paid on loans for purchase of house property/construction of houses, investment in property received a shot in the arm.

As for the one who wants to set up a family, his needs depend normally on the number of members in the family, price quoted for the house and available surplus for repayment of loan. Location and distance from work place, possibility of future expansion and the like come next.

In India, promotion of housing initially came from the government. For the middle and upper middle class, affordability is the key. The increase in income of people during the last 10-15 years due to higher industrial growth, proliferation of software firms etc enabled property buyers to go in for larger and luxurious houses. The global meltdown turned the table upside down and investment in house property has been hit badly. This has led to shift in demand from large or fairly large accommodation to lesser floor space. Another reason might have been the wait for locating accommodation in the city center area.

Improvement in transportation facilities, construction of ring road and peripheral ring road, metro rail etc also factored in. The development of townships in and around the peripheries of cities also shifted the demand from one location to the other. There was a time when small apartments went a begging in Yelahanka, Kengeri, Whitefield and Bannerghatta Road. After the economic slowdown, salaries took a downslide and people thought of various methods to beat the recession.

One major approach has been to go in for lower floor area houses. The city is becoming larger and people need to either move out from the central area or go in for smaller accommodation. In this background, the one-bedroom tenement is perhaps the solution.

Reference:

The Hindu

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A huge rush at the BBMP property tax collection centres

Monday, November 30th, 2009

BBMP property tax kiosks had a busy day on Sunday, the last date for paying the second installment of property tax for 2009-10 without penalty. There was a huge rush at the Bruhat Bangalore Mahanagara Palike (BBMP) property tax collection centers. “Our online property tax collections have touched Rs18crore. The online collection on Sunday alone stood at Rs35 lakh,” a senior BBMP official said.

Devendrappa, assistant revenue officer at the Mayo Hall BBMP office, said, “About Rs75 lakh was collected at our office on Sunday alone. In the three wards of Neelasandra, Shantinagar and Richmond Town that come under our jurisdiction, there are 20,000 property holders and 75% of them have paid the property tax. “Notices are being issued to 6,000 defaulting property holders. The defaulters will now have to pay the property tax along with a 2% monthly penalty,” he said.

There was huge rush at the property tax collection centers on Sunday, raising the levy collection for the year to Rs500 crore.The online collection on Sunday alone stood at Rs35 lakh.The defaulters will now have to pay the property tax along with a 2% monthly penalty.

Reference:

bbmp property tax kiosks had a busy day

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Hundreds Of Property Owners Hounded By BBMP Despite Having Paid Tax

Tuesday, November 17th, 2009

BBMP has sent nearly 2 lakh notices over the past 10 days. May 30, 2009, was the last date to pay the second half installment without penalty for 2008-09. Technically, the BBMP has powers to issue notices from September. However, the process was delayed till the compilation was complete.

In its drive to catch errant taxpayers for the previous block period (2008-09), the Palike has surprisingly been snaring a few regulars. This has shocked both residential and commercial property owners. Venkatesh, staying in an apartment on Sarjapur Road who promptly paid tax for both block periods within the rebate period, was shocked when he received the notice. It said the BBMP is yet to receive tax on his property for the previous year.

BBMP revenue officials, who confirmed the mistakes had indeed happened, said it could be in cases where people paid tax on the cut-off date or later.  “We admit it’s a mistake but you needn’t panic if you have the receipt. You must produce it and ignore the notice,’’ a BBMP official said.

According to BBMP records, only 7.63 lakh property owners of the overall 20 lakh properties in Bangalore have paid tax for 2008-09. This includes 2.6 lakh owners in core areas which have 6.9 lakh properties. A majority of residential property owners in the newly added areas are yet to enter the tax bracket for the previous block period. All this when the November 30 deadline for payment of second-half instalment for the current block period is not too far away.

Reference:

Times of India

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BBMP hopes to collect at least Rs. 800 cr. this year

Tuesday, September 1st, 2009

According to a revenue official, the last date to pay the first installment of property tax for the financial year 2009-10 ended on Sunday. From beginning of financial year to  August 30, Bruhat Bangalore Mahanagara Palike (BBMP) has collected approximately Rs. 380 crore as property tax from around 4.3 lakh residents of the city.

Last year, around 7.5 lakh property owners paid tax to the tune of Rs. 748 crore to the civic authority. The official said property owners had just two months’ time to pay the property tax under self-assessment scheme last year. This year however, they have been given abundant time and they can pay the tax, albeit with penalty, till October-end.

The official said that the civic authority hoped to collect at least Rs. 800 crore as property tax this year. BBMP targets for 1000 crore and to ensure 100 per cent payment, BBMP will use Geographical Information System, that enables to scrutinize the details such as built-up area, number of floors and usage of the property.

While four lakh owners filed their tax returns at various centers identified by the BBMP, more than 30,000 property owners chose to go online. The official also said that the BBMP had received a lot of complaints from property owners last year about the cumbersome procedure involved in filing the tax returns.

Tax Calendar
August 30- Last date for payment of property tax for full year or First half-year without penal interest.

November 30- Last date for payment of property tax for second half-year without penal interest.

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BBMP is all set to issue notices to 50,000 tax-evaders

Thursday, August 27th, 2009

Tax evasion was causing huge losses to the BBMP as people were avoiding paying crores of rupees. In the past, many Bangaloreans reduced the size of the buildings or commercial establishments or even knocked off one floor in a multi-floor building to reduce the property tax amount. If you’ve cheated while paying your property tax, you’re not going to get away so easily this time.

This year, BBMP roped in neighbors to get information about evaders. Informants were assured their identity would not be disclosed. This yielded great dividends and BBMP received about 20,000 tip-offs through emails alone. About 10,000 alerts came through letters and telephone calls. “GIS technology helped BBMP confirm the violations,”

BBMP used GIS to record details of assets which come under the tax net. Detailed maps are drawn showing the area of the plot, taxable areas and the tax details. The moment the owner pays the tax his payable details, paid details are tallied and details of tax evaded are calculated. The GIS mapping also shows details of nonpayment of tax and the list of payments. Even small evasions are shown by GIS.

Common complaints of tax evasion

  • Residential sites used for commercial purpose
  • Wrong zone where tax is less
  • Building given for rent declared as own-use
  • Reduced built-up area

All tax evaders will receive notices shortly. BBMP has fixed targets for BBMP officials to issue these notices. After issuing the notice, owners will be asked to reply and the final list of all tax evaders will be posted on the BBMP website. Tax evaders have to pay double the fixed tax with an interest of 2%.

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Citizen of Bangalore Confuse with Bangalore One and BBMP One

Tuesday, July 14th, 2009

Bangalore Citizen often confuse with Bangalore One and BBMP One. Earlier Bangalore One used to collect property taxes but in current Year property tax is collected only at BBMP One but people gather at Bangalore One centers to pay their property tax confusing BBMP One and Bangalore One as same.

“Bangalore One” center are run by the e-governance department and provides a host of citizen services from accepting payment of phone bills to booking of tickets. While “BBMP One” is re-christen of BBMP help centers mooted by ABIDe (Agenda for Bengaluru Infrastructure and Development) task force for providing BBMPs civic services.

Earlier Bangalore One used to collect property taxes but in current tax period 2009-10 BBMP has opened its own help center to accept the payment. Bangalore One and BBMP One sounds similar and citizen gather at Bangalore One to pay their property tax and turns irritated when they told they have to go BBMP citizen center to pay property tax for 2009-10.

Last Saturday, people gathered at Bangalore One to pay their property tax 2009-10 and turned irate when they told that they had to pay their tax at Palike Help Center. After this incident, Bangalore One centers posted notice stating property tax has to be paid at Palike Help Center.

BBMP officials admitted that it had caused quite a bit of confusion and the name was given only on ABIDe’s insistence. Now BBMP officials are calling BBMP One as Palike Help Centers or Contact Points to avoid confusion. Bangalore citizen can continue enjoying the service of Bangalore One from accepting payment of phone bills to booking of tickets except payment of property tax. BBMP accepts property tax for 2009-10 at BBMP One and also accept online at BBMP official site.

Links to Reference:

ABIDe Moots BBMP One Centres

Bangalore One- BBMP One Not One

Bangalore One

BBMP

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Guidelines for BBMP property tax 2009-10

Thursday, July 9th, 2009

BBMP Bangalore (Bruhat Bengaluru Mahanagara Palike) has started accepting property tax for 2009-10. BBMP has introduced two forms Form IV and Form V instead of previous year forms of Form I for properties with PID number, Form II for properties with only Khata number and Form III for properties with neither PID nor Khata.

Tax payers can file their return either with Form IV or Form V. Form IV is for property that has no change either in category, usage or structure. It is available in White. If there is any change in property category, usage or vacant land to new completed construction, tax payers can file their return in Form V. Form V is available in Blue.

Use Form IV (White) for property if there is no change in category, usage and structure with previous year filing.

In Part I fill your personal details as follows:

Column 1: Enter your property number with 2009-10.

Column 2: Tick the color of form submitting and the number printed on acknowledgement form.

Column 3: If revised is submitted details with its date and application number. If no revised is submitted enter N.A.

Column 4 to 9: Fill the details furnished in the previous year’s filing.

In Part II fill details of previous year’s tax paid (2008-09)

Column 10a: Go to page 5 of the previous year form (if revised one is submitted) COMPUTATION OF TOTAL TAX PAYABLE and copy the figures in column 17.

Column 10b: Copy the figure of column 18 of the previous year form.

Column 10c: Copy the figure of column 19 of the previous year form.

Column 10d: Copy the figure of column 20 of the previous year form.

Column 10e: Copy the figure of column 21 of the previous year form.

Column 10f: Copy the figure of column 22 of the previous year form.

Column 10g: If paid in installment write N.A. and if paid in full copy the figure of column 26 of previous year’s form and receipt number with issue date.

Column 10h: Enter the payment details if paid in installment and if you filled column 10g write N.A

Column 10i: Fill the year as 2009-10 and copy the figure of 10a.

Column 10j: Copy the figure of column 10b.

Column 10k: Copy the figure of column 10c.

Column 10l: Copy the figure of column 10d if availed OR calculate 5% of the amount in 10k and write.

Column 10m: Copy the column 10e OR calculate and write.

Column 10n: If a revised return is submitted, enter the figure shown as in column 26 of that return OR put a dash.

Column 10o: Copy the figure of column 10m or calculate as the case may be and write. Enter the amount to nearest rupee (ensure to round off the amount)]

Column 10p: Copy the figure of column 10c.

Column 10q: Divide the figure of column 10p by 2 and write.

Column 10r: Copy column 10q.

Column 10s: Copy the figure in column 10f.

Column 10t: Calculate by deducting figures column 10q & s.

Column 10u & v: Self explanatory calculations.

Column 10w: Calculation of the above. (Round off amount to nearest rupee).

If you decide to pay your property tax for full year on or before July 30 to avail tax rebate of 5 per cent, go to 10A (Computation of property tax for the year ——–if paid before——–to avail 5% rebate) fill up 10A and score off column 10B as “Not Applicable”. If you decide to pay your tax in installment or after July 30 fill up 10B and score off column 10A as “Not Applicable” (Computation of property tax for the year ————installments).

Fill the payment details and sign with date. Fill in the acknowledgment in duplicate get the entire form photo-copied and make payment at your designated help center. If there is any change in property category, usage or vacant land to new completed construction, you can file your return in Form V. Form V is available in Blue. The calculation for property tax is done in previous year.

Tax payers can pay property tax online using their credit card and there will be no transaction charges for making payment online. Debit card can be used for online payment of property tax but the card holder should obtain activation facility from the issuing bank for online payment.

For online payment tax payers can visit BBMP property tax website and select either form IV or form V which ever is applicable and if property tax is paid in two installments for the current year, then two separate forms should be filed for each half year. Tax payers need to enter application number for property tax paid in 2008-09. Select the ward and help center and submit continue for going to next page.

Don’t go wrong with statement in form “Depreciation cannot be claimed for 2009-10 and 2010-11 as depreciation can be claimed once in the block period i.e. 2008-09 to 2010-11”. The actual wordings should be “No Further Depreciation To Be Calculated Even If The Age Differs In The Slab Provided On Page 18 Of The Handbook As Annexure – III” for the given block period of Three years (at present).

Tax Payers can contact BBMP

Between 10:30 AM to 1:30 PM and 2:30 PM to 6:00 PM (All working days)
Phone No: 080-22247622 ; 080-22247629
Email: bbmpsas@bmponline.org

  • Disclaimer: The article contains data collected from various sources and the use of same is at readers discretion.

Links to refer

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File Your Property Tax Return For The Year 2009-10

Thursday, July 2nd, 2009

Property owners and tax payers can file their property tax return for 2009-10 from July 1, 2009. BBMP-Bangalore starts accepting the property tax return at all Citizen Help Center. Tax payers can either pay full year tax at lump sum or pay in two installments.

Form IV (White Form)

Tax payers can file their property tax in Form IV or Form V for the year 2009-10. Form IV is provided for property owners where there is no change in extend of built-up area, usage, occupancy or category from the returns filed for the year 2008-09. Form IV is available in white form.

Form V (Blue Form)

Tax payers who has made change in the extend of built-up area or usage which converted from residential to non-residential or converted non-residential property to residential or its occupancy should file return in Form V. If there is any change in property category or vacant land to new completed construction, tax payers can file their return in Form V. If property has no change comparing with previous return for 2008-09, tax payers can file return in Form IV. Forms for filing returns for 2009-10 are available at all Help center.

White Form is for Form IV where property has no change and Blue Form for Form V where property has change from previous return.

Tax Paid Receipt Only After Realization of Cheque

Tax payers can submit duly filled returns at respective Help Center. If payment is made by DD or Pay Order, receipt will be issued on the spot. If payment is made by cheque, receipt signed by respective official will be delivered only after realization of cheque. Tax payers can get acknowledgment for receipt of return on the spot and official receipt will be given only after realization of cheque.

Get 5 Per Cent Rebate on your Returns

Tax payers can avail tax rebate of 5 per cent if the property tax for 2009-10 made in lump sum on or before July 30, 2009. Return can be filed in two installments and last date for payment of property tax for full year or first half year without penal interest is on August 30, 2009. Last date for Second half-year without penal interest is on or before November 30, 2009.

Points to Remember

  • Form IV (White Form) - For property where there is no change with return filed in 2008-09.
  • Form V (Blue Form) - For property where there is change in extends of built-up area, usage, occupancy or category from the returns filed for the year 2008-09.

  • Receipt of Returns- If payment is made by cheque, acknowledgement for receipt of return is available on the spot and receipt signed by official is available only on realization of cheque.

  • July 30- Last Date for filing returns for full year and avail the benefit of 5 per cent rebate.

  • August 30- Last date for payment of property tax for full year or First half-year without penal interest.

  • November 30- Last date for payment of property tax for second half-year without penal interest.

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Tax Payers Will Get Tax-Paid Receipt Only After Realization Of Cheque

Monday, June 29th, 2009

In new block period, tax payers will get tax-paid only after the realization of cheque. According to BBMP, cheques submitted by the tax payers in current block period nearly 13,000 cheques had problems. Out of these, 6,000 cheques had no date or even payee name on the cheque. The tax-payers were traced by using contact detail available on the cheque. Out of 8000 cheques received, 4000 cheques are yet to be encashed.

The new block period tax starts from July 1st. Property owner’s can start paying their property tax online from this July 1st. BBMP will introduce system of giving tax-paid receipt only after realization of cheque from new block period. Since many people use tax-paid receipt for rebate on income-tax, BBMP may write to the Income Tax department, asking it to decline exemption to defaulters till their cheques are encashed.

June 30, is last date for filing returns for current block period (2008-09). One day is left to pay the second half year installment without 2% penal interest and last day for filing revised returns. BBMP has also issued a notification to occupiers of tenant property to ensure prompt payment. BBMP is planning to have separate windows for collecting tax and revised returns, anticipating the response in past few days.

Tax Dates

  • June 30: Last day for filing property tax 2008-09 and filing revised returns for those tax payers who made mistake in filing the returns.
  • July1: Tax payers can start paying property tax for 2009-10 online or at citizen center.
  • July 30: Last date to avail 5% rebate for tax paid in full
  • August 30: Last date to pay tax for the whole year or the first half-year installment without penalty (at 2% interest per month).

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