One time settlement scheme for property tax payers extended ahead of MLC polls
3 years, 9 months ago

One time settlement scheme for property tax payers extended ahead of MLC polls

Deccan Chronicle  

Hyderabad: The municipal administration and urban development department has quietly released a government order extending the one-time settlement scheme for property tax payers, even as the model code of conduct is in place for the MLC polls in nine districts. The government had ordered a waiver of 90 per cent accumulated arrears on property tax provided that taxpayers cleared the principal amounts for 2019-20 with 10 per cent of arrear interest. Under the scheme, property tax payers were to clear the principal tax amount till 2019-20 in one go, with a 10 per cent interest against accumulated arrears. The scheme allowed for the waiver of 90 per cent of accumulated arrears on the interest component of property tax in all the ULBs, including the GHMC.

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History of this topic

One time settlement scheme ends today: Check how to clear dues online on BBMP’s portal
3 weeks, 2 days ago

One time settlement scheme ends today: Check how to clear dues online on BBMP’s portal

Live Mint  

BBMP had rolled out its one-time settlement scheme for the payment of property tax which is ending today i.e. The special scheme excludes compound interest and penalties, thus bringing down the overall arrears of property tax significantly. Starting December 1, property owners with outstanding property tax are likely to face penalties and interest. If you face any challenge with the …

OTS for property tax defaulters extended till August 31
4 months, 3 weeks ago

OTS for property tax defaulters extended till August 31

The Hindu  

Deputy Chief Minister and Bengaluru Development Minister D.K. Shivakumar on Friday announced that the one-time settlement scheme for property tax defaulters has been extended until August 31, 2024. The BBMP, through the ambitious OTS scheme, gave 3.95 lakh property tax defaulters an opportunity to pay interest and penalty-free dues and collected ₹217.5 crore. Data shared by the BBMP shows 1.07 …

Bengaluru’s one-time settlement scheme ends today, property tax dues worth ₹549 crore still pending
4 months, 3 weeks ago

Bengaluru’s one-time settlement scheme ends today, property tax dues worth ₹549 crore still pending

Hindustan Times  

Property tax dues worth ₹548.94 crore are pending against nearly 2.88 lakh properties spread across eight zones in Bengaluru, according to data shared by the Bruhat Bengaluru Mahanagara Palike on July 30. Property tax dues worth ₹ 549 crore still pending before the one-time settlement scheme in Bengaluru ends today. July 31 is the last day to avail the 5% …

Karnataka DCM DK Shivakumar announces one-time settlement for property tax in Bengaluru offer till July 31
6 months, 1 week ago

Karnataka DCM DK Shivakumar announces one-time settlement for property tax in Bengaluru offer till July 31

Hindustan Times  

On Tuesday, D K Shivakumar, the Deputy Chief Minister of Karnataka, who oversees Bengaluru Development, announced that the opportunity for a 'One Time Settlement' to clear overdue property tax in the city will be available until July 31. The one-time settlement scheme will end on July 31 and hence I urge people to make use of the opportunity to clear …

GHMC collects a windfall of Rs 1,917 crore in property tax
8 months, 3 weeks ago

GHMC collects a windfall of Rs 1,917 crore in property tax

New Indian Express  

HYDERABAD: The Greater Hyderabad Municipal Corporation has collected Rs 1,917 crore in property tax, which is Rs 257 crore more compared to the previous fiscal. Property tax collection for the previous year was around Rs 1,660 crore. The OTS scheme offered a waiver of 90% of the accumulated interest on property tax arrears, provided the taxpayers clear the principal amount …

GHMC resorting to seizure of properties of tax defaulters
9 months ago

GHMC resorting to seizure of properties of tax defaulters

The Hindu  

With only a week left for the financial year-end, the Greater Hyderabad Municipal Corporation is resorting to desperate measures to recover property tax arrears from long-time defaulters. Circle-level officials of the Revenue wing have started to seize the properties with regard to which the dues of more than one year are pending, causing anxiety among the residents less than two …

Telangana govt to waive 90% interest on property tax dues
2 years, 5 months ago

Telangana govt to waive 90% interest on property tax dues

Deccan Chronicle  

Hyderabad: In a major reprieve to property tax payers, the Telangana government has decided to give a one-time waiver on payment of interest on outstanding property tax. The Municipal Administration & Urban Development announced a waiver of 90 per cent tax for accumulated arrears of the interest component on property tax under One Time Scheme. Taxpayers are required to pay …

GHMC mulls new property tax plan to mop scarce revenues
3 years, 2 months ago

GHMC mulls new property tax plan to mop scarce revenues

Deccan Chronicle  

HYDERABAD: The GHMC is likely to reintroduce its One-Time Settlement scheme on payment of property tax. It is ready to waive up to 90 per cent of accumulated arrears on property tax, provided taxpayers clear their entire dues until 2020–21 by just paying 10 per cent of interest on overall dues. By reintroducing the OTS scheme, the corporation hopes to …

OTS scheme for those who availed loan from APSHC
3 years, 3 months ago

OTS scheme for those who availed loan from APSHC

The Hindu  

In a move that provides huge relief to those who have availed themselves of loans from the A.P. Briefing the media after the Cabinet meeting, I&PR Minister Perni Venkatramaiah said the OTS scheme was also open for those who had bought the house from the original beneficiary. The Cabinet also approved an additional ₹35,000 loan for the housing scheme beneficiaries …

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