Posts Tagged ‘property tax return’

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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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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Posted in Bangalore | 4 Comments »