Karnataka Deputy CM Rules Out Property Tax Hike in Bengaluru
1 year, 2 months ago

Karnataka Deputy CM Rules Out Property Tax Hike in Bengaluru

Deccan Chronicle  

Bengaluru: Bengaluru city incharge and Deputy Chief Minister D.K. Shivakumar on Monday said that there would not be any hike in property tax in Bengaluru city for now but a new team will be constituted for tax collection especially keeping an eye on tax evaders. The DyCM, addressing a press conference in Bengaluru, stated that an eye will be kept on tax evasion and observed that property owners often state less construction area than the actual figure while the power and water bills of a property reveal that a particular person had stated less construction area. Regarding drinking water supply to Bengaluru city, he said there has been growing demand for water and the works on Cauvery 5th stage is nearing completion and after its completion, Deputy Chief Minister D.K. Shivakumar on Monday said that Bengaluru city residents would be getting 750 million litres daily in coming days.

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History of this topic

Bengaluru real estate: Over 2.64 lakh property owners in the IT capital yet to pay taxes, BBMP data shows
3 months, 2 weeks ago

Bengaluru real estate: Over 2.64 lakh property owners in the IT capital yet to pay taxes, BBMP data shows

Hindustan Times  

Bengaluru civic agency, the Bruhat Bengaluru Mahanagara Palike, has released a list stating that there are a total of 2,64,228 defaulters across eight zones in the city who are yet to pay property taxes. Over 2.64 lakh property owners in Bengaluru are yet to pay taxes, BBMP data shows Furthermore, it shows that of the 3,95,253 property tax defaulters identified …

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% …

CM Siddaramaiah defends hike in petrol and diesel prices
6 months, 1 week ago

CM Siddaramaiah defends hike in petrol and diesel prices

Deccan Chronicle  

Bengaluru: Karnataka Chief Minister Siddaramaiah on Sunday defended the hike in petrol and diesel prices saying that it will ensure funding essential public services and development projects. With the opposition BJP and its ally JD coming down heavily on the Congress government for increasing the petrol and diesel prices by Rs 3 and Rs 3.5 per litre respectively, Siddaramaiah said …

Karnataka Chief Minister defends fuel price hike: 'Will ensure funding for...'
6 months, 1 week ago

Karnataka Chief Minister defends fuel price hike: 'Will ensure funding for...'

India Today  

Karnataka Chief Minister Siddaramaiah on Sunday justified the petrol and diesel price hike in the state, highlighting the state's "reduced revenue", and said it would ensure funding for essential public services and development projects. Defending the decision, the Chief Minister said, “The Government of Karnataka has increased VAT on petrol to 29.84% and on diesel to 18.44%. We remain committed …

Fuel prices in Karnataka rise by Rs 3 after state government hikes sales taxes
6 months, 1 week ago

Fuel prices in Karnataka rise by Rs 3 after state government hikes sales taxes

New Indian Express  

BENGALURU: Karnataka state government on Saturday hiked the fuel prices by Rs 3 following the hike in Karnataka Sales Tax on petrol and diesel. The state government in a notification on Saturday, announced that it had hiked the sales tax from 25.92 per cent to 29.84 per cent on petrol and from 14.3 per cent to 18.4 per cent on …

Pay property tax dues by July 31 or face action: Deputy CM DKS
6 months, 1 week ago

Pay property tax dues by July 31 or face action: Deputy CM DKS

New Indian Express  

BENGALURU: Deputy Chief Minister DK Shivakumar on Tuesday warned of stringent action against those who fail to clear their outstanding property tax through the ‘One-Time Settlement’ window by July 31. The Bruhat Bengaluru Mahanagara Palike proposed the OTS scheme in the beginning of March, providing an opportunity to tax defaulters to clear their tax arrears and interest at a 50% …

What is Bengaluru’s new property tax system that aims to fix leakage and rationalise the system
8 months, 2 weeks ago

What is Bengaluru’s new property tax system that aims to fix leakage and rationalise the system

The Hindu  

The story so far The Bruhat Bengaluru Mahanagara Palike has now halted the implementation of the new property tax regime fearing backlash from the citizens ahead of parliament elections. In a bid to streamline property taxation and ensure fairness, a new property tax system was introduce, according to the BBMP. The new system prescribes nominal rates to determine property tax …

Explained: What is Bengaluru’s new property tax?
9 months, 1 week ago

Explained: What is Bengaluru’s new property tax?

Live Mint  

In a move aimed at streamlining property tax collection and boosting revenue, the Bengaluru urban development minister, DK Shivakumar, unveiled a new property tax system on March 11. According to the Bruhat Bengaluru Mahanagara Palike and the state government, the previous Unit Area Value property tax system, implemented in 2008, had divided the city into six zones with 18 different …

Karnataka launches new property tax policy for Bengaluru; To be implemented from April 1
9 months, 1 week ago

Karnataka launches new property tax policy for Bengaluru; To be implemented from April 1

Hindustan Times  

Bengaluru: Deputy chief minister and Bengaluru urban development minister DK Shivakumar on Monday released the new property tax collection system which will be implemented from April 1. DK Shivakumar According to Bruhat Bengaluru Mahanagara Palike and the state government, the new system is intended to simplify and rationalise the taxation process while also boosting revenue for BBMP. The previous Unit …

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

Bengaluru’s property tax conundrum
10 months, 1 week ago

Bengaluru’s property tax conundrum

The Hindu  

As Bengaluru’s civic officials were in the process of sealing down a shop in the neighbourhood of R.T. Nagar in north Bengaluru over alleged property tax evasion, the 50-year-old property owner Shankar T. collapsed in shock. A senior BBMP official says this rigour is due to stern direction to improve tax revenue by Bengaluru Development Minister Shivakumar, who, shortly after …

‘We are asking for our rights’: Karnataka CM, Deputy CM lead protest in Delhi
10 months, 2 weeks ago

‘We are asking for our rights’: Karnataka CM, Deputy CM lead protest in Delhi

Hindustan Times  

Karnataka Chief Minister Siddaramaiah, Deputy CM DK Shivakumar and other senior party leaders on Wednesday held a protest against the Central leadership in Delhi's Jantar Mantar over funds, reduced tax devolution and unfair resource distribution to the state. Karnataka Deputy Chief Minister DK Shivakumar during a protest by the Karnataka state Congress leaders against the centre, at Jantar Mantar, in …

Bengaluru Lags Behind In Tax Collection, Karnataka Deputy CM
1 year, 2 months ago

Bengaluru Lags Behind In Tax Collection, Karnataka Deputy CM

Deccan Chronicle  

BENGALURU: Deputy Chief Minister D.K. Shivakumar said clearing encroachment of storm water drains has not come to halt in Bengaluru city but officials concerned are taking up the clearance of storm water drains on priority basis. Adding, he said, officials concerned have been given a free hand in clearing encroachments and the State Government would not interfere in encroachment clearance. …

Karnataka Budget: No hike in taxes, Rs 1,000 crore for Mekedatu project
2 years, 9 months ago

Karnataka Budget: No hike in taxes, Rs 1,000 crore for Mekedatu project

Deccan Chronicle  

Bengaluru: Karnataka Chief Minister Basavaraj Bommai has proposed no increase in taxes in the Budget 2022-23 presented by him in the state Legislative Assembly on Friday. In his maiden budget, the Chief Minister who also holds the Finance portfolio has expressed his government's commitment for the implementation of the Mekedatu project across river Cauvery, to which neighbouring Tamil Nadu is …

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