Karnataka Legislative Council passes FAR Amendment Bill amid boycott by BJP
10 months, 2 weeks ago

Karnataka Legislative Council passes FAR Amendment Bill amid boycott by BJP

Hindustan Times  

Karnataka's Legislative Council on Thursday passed the Karnataka Town and Country Planning Bill, 2024, which provides for availing of additional floor area ratio by paying a rate not less than 40% of the guidance value. The Bill allows developers to build additional floors by purchasing additional FAR and paying a fee of 40% of the guidance value to the local planning authorities. The Legislative Council passed the BBMP Property Tax Amendment Bill 2024 today. "The 15th Finance Commission has said grants will be released only if the property tax is in line with the guidance value and hence the government introduced this amendment bill.

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Karnataka passes amendment bill to tighten property tax compliance in Bengaluru
Trending News
3 weeks, 2 days ago

Karnataka passes amendment bill to tighten property tax compliance in Bengaluru

India Today  

The Karnataka Legislative Assembly on Monday passed the Bruhat Bengaluru Mahanagara Palike Second Amendment Bill, aimed at tightening measures against property tax defaulters in the city. "A deadline of November 30 was set for property tax defaulters within the BBMP jurisdiction to clear their dues under the One-Time Settlement scheme. However, he cautioned against future hikes in property tax, emphasising …

CAG Reports, Key Bills Presented in Karnataka Assembly
3 weeks, 6 days ago

CAG Reports, Key Bills Presented in Karnataka Assembly

Deccan Chronicle  

Belagavi: The Karnataka Legislative Assembly witnessed the presentation of reports from the Comptroller and Auditor General of India and 11 key bills by various ministers. Among the bills introduced were the Karnataka Goods and Services Tax Bill, 2024, the Karnataka Protection of Depositors' Interest in Financial Establishments Bill, 2024, the Bruhat Bengaluru Mahanagara Palike Bill, 2024, and the Karnataka Tourism …

Opposition adamant about not splitting BBMP into multiple corporations
5 months, 4 weeks ago

Opposition adamant about not splitting BBMP into multiple corporations

The Hindu  

The Congress-led government in Karnataka is working towards tabling the Greater Bengaluru Governance Bill, 2024, which aims to revamp the administration of the city with a multiple corporation set-up, in the upcoming monsoon session of the legislature, due to begin on July 15. However, the going may not be easy given the opposition to splitting Bruhat Bengaluru Mahanagara Palike from …

BBMP says no plans to increase property tax
6 months ago

BBMP says no plans to increase property tax

New Indian Express  

BENGALURU: The BBMP has clarified that there is no proposal to hike the property tax in the city. The Special Commissioner clarified on Wednesday that there are many fake reports doing the rounds in the media about the property tax hike and said there is neither any such proposal nor any plans to increase property taxes. Also, from the existing …

Cong govt in Karnataka slashes property tax penalties by 50 pc in Bengaluru, relief for taxpayers
10 months, 2 weeks ago

Cong govt in Karnataka slashes property tax penalties by 50 pc in Bengaluru, relief for taxpayers

Hindustan Times  

The tax-payer-friendly BBMP Amendment Bill 2024, which brings down the penalty on property tax dues by 50 per cent in Bengaluru city limits, was passed in the Legislative Assembly on Tuesday. READ | Bengaluru real estate: 70% realty assets in the city developed through joint development agreements This important Amendment will benefit a total of 13-15 lakh people in Bengaluru …

Why Karnataka government brought amendment to BBMP Act, 2020
1 year ago

Why Karnataka government brought amendment to BBMP Act, 2020

The Hindu  

The story so far The Karnataka government in the Belagavi session brought an amendment to the Bruhat Bengaluru Mahanagara Palike Act, 2020, with retrospective effect to regularise the collection of ground rent from the property owners. After a section of builders approached the Karnataka High Court over collection of ground rent by the BBMP, the collection of such fees was …

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