Property tax assessment by professionals – BBMP
The new financial year has just begun and this time the Bruhat Bangalore Mahanagara Palike (BBMP) has decided to rein in on those evading taxes by declaring the false property measurement.
The BBMP has decided to outsource the process of fresh measurement of each property to the members of the Institution of Engineers (IOE) and Institute of Valuers (IOV).
The Chief Minister ordered a re-survey of the undervalued properties and those that evaded the tax-net. BBMP commissioner M Lakshminarayana recommended considering the Mahadevpura zone on a pilot project basis but the BBMP’s standing committee on taxation and finance recommended the procedure for the entire city.
Taxation and Finance Committee chairman, V Anand, wrote a letter to Mayor N Shanthakumari on January 1 expressing doubts over property declaration under the self-assessment scheme. The mayor then directed the commissioner to take necessary steps to take on tax evaders.
According to the deputy commissioner (revenue) – Venkatachalapathy, there are around 16 to 17 lakh properties under the BBMP jurisdiction and only 60 percent of the owners pay taxes regularly. “(Tax evaders) will be penalised,” said Lakshminarayana.
According to the plans, the IOE and IOV members will work directly under the zonal joint commissioner. The team of engineers and valuators will examine each property to bring tax collection under one roof. These engineers and valuators will be given 20% commission and their services will be used for one year only.
The standing committee has recommended properties measuring above 50×80 for review. A meeting held under the chairmanship of Anand, recommended inviting tenders for considering ISO-certified engineers and valuators.
THE HONEST AND GENUINE BUYERS OF APARTMENTS/FLATS WILL BE IN FOR ROYAL JOLT, IF THEY CHECK THE CREDENTIAL OF THE BUILDERS/DEVELOPERS REGARDING TAX COMPLIANCE.
MAJORITY ARE TAX EVADERS AND IF FOUND OUT, THEY WILL ELIMINATE THE OFFICER AS THEY DID TO LATE.D.K.RAVI. IT IS THE LAND/BUILDERS MAFIA.
THEY MUST BE INVESTIGATED BY THE COMMERCIAL TAX DEPARTMENT, INCOME TAX DEPARTMENT, ENFORCEMENT DIRECTORATE, SERIOUS FRAUD INVESTIGATION OFFICE, BANGALORE METROPOLITAN TASK FORCE, COD AND THE CENTRAL BUREAU OF INVESTIGATION, JOINTLY AND ALL OF THEM WILL BE BEHIND BARS FOREVER FOR CHEATING, FRAUD, MISREPRESENTATION OF FACTS, TAX EVASION, FRAUDULENT MANIPULATION, FORCED OR COERCED PURCHASE OF LANDS FROM INNOCENTS.
IT IS SUSPECTED THAT BUILDERS (MAFIA) AND A SMUGGLER TURNED JEWELLER ALONG WITH A POWERFUL POLITICIAN BEHIND THE KILLING OF LATE.D.K.RAVI.
HONEST IAS OFFICER D.K.RAVI IS NO MORE – A PRESS RELEASE
IT IS BELIEVED THAT HE HAD RECOVERED THE LANDS OF THE GOVERNMENT IN KOLAR DISTRICT FROM A NOTORIOUS BUILDER AND HAD RAIDED THE TAX EVADERS AT (VAT TAX THIEVES) BANGALORE AND HE IS NO MORE.
DEATH IS THE REWARD FOR THE HARD WORK AND HONESTY!!!!!!!!!!!!!!!!!!!!!!!!!!
THOUSANDS OF CRORES HAD BEEN EVADED BY NOTORIOUS CRIMINAL (xxxxxxxx) AND HE HAD DETECTED IT, IT IS SUSPECTED THAT THESE XXXXXXX MIGHT HAVE DONE THIS JOB.
IS DEATH, THE REWARD FOR THE HONESTY?
ARREST ALL TAX EVADERS AND VIOLATORS.
THE COMMERCIAL TAXES DEPARTMENT HAS WOKEN UP AND RAIDED SEVERAL BUILDERS LIKE MANTRI, DS MAX, EMBASSY AND NITESH AND COLLECTED OVER 140 CRORES IN THE ARREARS OF VAT COLLECTED BY THESE BUILDERS FROM THE BUYERS OF THE PROPERTY.
IT IS TO BE NOTED THAT THESE BUILDERS COLLECT THE VAT OR COMMERCIAL TAX FROM THE BUYERS, IN THE EMI AND NEVER PAID IT TO THE GOVERNMENT.
FURTHERMORE, THERE ARE MANY SMALL TIME DEVELOPERS WHO ARE ABSCONDING OR ADDRESS LESS NOW OR WILFUL AND DELIBERATE TAX EVADERS HAVE NOT BEEN BROUGHT INTO THE NET.
IF THE DEPARTMENT ACTS DILIGENTLY, IT CAN COLLECT OVER RS1000/- CRORE OF THE TAX PAID BY THE BUYERS OF THE PROPERTIES.
MAJORITY OF THESE LEADING TAX EVADERS HAVE NOT ISSUED VAT BILL-TAX BILL- TO THE BUYERS OF THE PROPERTY.
ANOTHER GREY AREA WHERE SERVICE TAX PAID BY THE BUYERS OF THE PROPERTY HAS BEEN MANIPULATED AND TAXES COLLECTED HAD NOT BEEN DEPOSITED WITH THE DEPARTMENT.