The Bruhat Bengaluru Mahanagara Palike (BBMP) on Thursday proposed that no matter zonal re-classification of property, the rise in property tax will probably be capped at a most of 20 per cent for residential and 25 per cent for industrial properties. The proposal will probably be tabled within the BBMP Read more…
The BBMP may simply accumulate greater than Rs 5,000 crore in property tax alone if it brings tax evaders into the online, however the metropolis company appears to be in no temper to do the exhausting work. As an alternative, it has chosen to tax those that already pay actually Read more…
Come April 1, and the BBMP will acquire taxes underneath the brand new slabs. Nevertheless, this time, the civic company will not be accepting cheques as funds. “On account of our previous expertise, the place we ended up with a number of bounced cheques, we’ve performed away with taking cheques,” Read more…