Posts Tagged ‘property tax’
Friday, June 25th, 2010
Bringing relief to Bangalore’s property owners, BBMP had extended the last date for payment of property tax – in full and for the first half year – without interest to June 30. Any payment made after this period will attract a penalty of two percent per month till the payment is made. Those who had not paid the first installment can pay it along with second installment. However, a penalty will be calculated at two percent per month, till the date of payment of the first installment.
The second block period begins in October. The last date to pay the second installment (without penalty) is November 29. Those who fail to pay the second installment will be charged a penalty at two percent from December 1 till the date of payment.
Property owners can pay the 2010-11 half-yearly tax without fine up to June 30. Tax may be paid at all the BangaloreOne centres and at BBMP help centres.
Extended Deadline:
- June 30, 2010: Last Date for payment of property tax in full or for the first half year without interest.
- November 29, 2010: Last Date for payment of property tax the second half year (without penalty)
Tags: Bangalore, bbmp bangalore, BBMP property tax, property, property tax, Property Tax Deadline
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Monday, May 3rd, 2010
Friday was last date for property owners for availing 5% rebate on payment of property tax. Bringing relief to Bangalore’s property owners, BBMP has decided to extend the 5% rebate on payment of property tax by a month. BBMP commissioner Bharat Lal Meena said the palike had written to the government seeking an extension.
The property owners who want to avail a rebate of five percent on property tax can pay property tax 2010-11 in full on or before May 30. The deadline for the first half yearly payment without fine was May 30,BBMP extended to June 30.
BBMP commissioner Bharat Lal Meena said the palike had written to the government seeking an extension. Mayor Nataraj ruled out the opposition demand for a two-month extension.
Property owners can pay the 2010-11 half-yearly tax without fine up to June 30. Tax may be paid at all the BangaloreOne centres and at BBMP help centres.
Extended Deadline
- May 30, 2010: Last date for 5% rebate if paid in full
- June 30, 2010: Full payment or firsthalf installment of property tax 2010-11 without penalty
Tags: Bangalore News, bbmp bangalore, bbmp property, BBMP property tax, extended deadline, Online payment, property tax, property tax 2010-11, rebate on property tax
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Wednesday, April 28th, 2010
According to source, there is a good response across the city from property taxpayers for paying property tax in full for 2010-11 and avail 5 per cent rebate on property tax. “The online payment system had some problems due to a problem with the bank server. The staff shortage was only on the first two days of census work as officials had to guide enumerators in some cases. But, it’s all sorted out.” says BBMP officials.
On Monday, at least 2,000 property tax transactions were made at 64 Bangalore-One centres and 1,800 people paid this tax online. BBMP officials said the collection for this block period could cross Rs 150 crore and include 2 lakh properties by April 30.Anticipating the rush, tax counters remained open even on Sunday.
However, complaints continued to pour in. Some taxpayers complained that the authorities insisted on new forms be filled with application form numbers of the last two block periods (2008 -09 and 2009-10) along with the previous receipt numbers.
“When it is computerised and a property register is available, why is this needed? If BBMP still wants the numbers, a database must be made available at collection centres or BBMP should have a helpline to provide required information to citizens, especially those who are not computer savvy and the urban poor,’’ said a resident of Jayanagar.
A resident of Kalyan Nagar complained how she had to make repeated visits to the help centre to pay the tax. Finally, she decided to pay it at the BangaloreOne centre in her area. Residents in some parts of Jayanagar also complained of no staff at a few help centres.
Collection timings not properly displayed at centres, No clear information about tax collection at BangaloreOne centres in some areas,problem with the server for online payment and not enough application forms at some help centres are some common complaints by taxpayers.
Penalties
For those who fail to pay property tax of earlier period for 2008-09 or 2009-10 or both, penalty calculated at 2% per month
Penalty will be calculated @ 2% per month from June 1, 2010 for those who fail to pay first installment
penalty @ 2% will commence from December 1, 2010 till date of payment for those who fail to pay second installment
Tax Calendar
- April 30, 2010: 5% rebate if paid in full
- May 30, 2010: Full payment or firsthalf installment without penalty
- November 29, 2010: Second halfyear tax without penalty
- penalty @ 2% will calculated till date of payment for defaulters
Source: Times of India
Tags: avail 5 per cent rebate on property tax, Bangalore Property, bbmp bangalore, BBMP property tax, last few days of the rebate period, property tax, property tax 2010-11, property tax last date, property tax rebate, tax payers
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Friday, April 23rd, 2010
BBMP property tax for the new financial year 2010-11 has already begun from April 1st 2010. The property owners who want to avail a rebate of five percent on property tax need to file and pay property tax 2010-11 in full on or before April 30. Property owners can fill up the form online and make an online payment or download the form, print it, and submit it at the nearest ARO office on the same day.
There are two different forms to be filled up – Form IV (white form) - in case of no change in usage or built-up area from the previous year. If there is any change in relation to these clauses, then the property owner should fill up Form V (blue form). If tax payment has not been made for the previous two financial years, then property owners cannot file their property tax for current year until they pay previous year’s property tax. For filing property tax 2009-10 and 2010-11, property owners should have the application number for tax paid for the year 2008-09.
For owners making the payment in two half yearly installments, two separate forms have to be filled up for each period. The deadline for the first half yearly payment is May 30, 2010. Any details that are missing or have been entered wrongly can be corrected and updated by contacting the nearest ARO office. Any problems with regard to the payment or receipt generation can also be addressed to bbmpsas@bbmp.gov.in. You can also call the numbers – 22247627, 22133029. Online payment can be made using debit and credit cards. The Card payments can be made without any transaction charges.
- BBMP Helpline – 22247627, 22133029
- Address problem regarding property tax to bbmpsas@bbmp.gov.in
- Last date for availing a rebate of five percent on property tax is April 30, 2010
- Last date for the first half yearly payment is May 30
- Property tax for current year cannot be filed until payment of previous year’s property tax
- Online payment can be made using debit and credit cards.
Tags: April 30 last date, Bangalore, Bangalore Property, bbmp helpline, BBMP property tax, property owners, property tax, property tax 2010-11, rebate on property tax, rebate on tax
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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.
Tags: Apartment, Bangalore, Bangalore Property, bbmp, bbmp bangalore, citizen service center, Housing India, indian real estate, property, property tax, property tax 2008-09, property tax 2009-10, Real Estate India, regularization
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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
Tags: 1bhk, affordable home, Apartment, apartment buy-sell, Bangalore, Bangalore East, Buying, home buyers, Housing, indian real estate, market trend, property, property buying, property tax, Real Estate India, recession, Second homes, Tips
Posted in Bangalore, News | No Comments »
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
Tags: Apartment, Apartment India, Bangalore, Bangalore East, bbmp, bbmp bangalore, Housing, Housing India, indian real estate, market trend, online tax, property, property tax, property tax 2009-10, Real Estate India, Tax calendar
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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
Tags: Apartment, Apartment India, Bangalore, Bangalore East, bbmp, bbmp bangalore, Housing India, indian real estate, notice to defaulting property owners, property, property owners, property tax, property tax 2008-09, Real Estate India, Tax calendar
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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.
Tags: Apartment, Bangalore, bbmp, Housing, Housing India, Housing Societies, indian real estate, property, property tax, property tax 2009-10, Real Estate India, Tax calendar
Posted in Bangalore | 1 Comment »
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%.
Tags: Apartment, Bangalore, Bangalore East, bbmp, GIS mapping, indian real estate, property, property tax, property tax return, Real Estate India, tax evaders
Posted in Bangalore | No Comments »
