Summary:
BBMP Commissioner N.
Manjunath Prasad conceded that there had been a laxity in fixing property tax, giving individual khatas for the flats and bringing them under tax net. “If we are given the inquiry into the tax suppression of these high rises, we will look into it,” he said. more-inBy its own admission, the city’s civic body seems to be lax when it comes to bringing properties under the tax net even after issuing Occupancy Certificates, leading to an estimated revenue loss of over ?200 crore. “A conservative estimate puts the loss of revenue at around ?200 crore and exclusion of around 25,000 units from the tax net. Gunashekhar, chairman, Standing Committee on Taxation and Finance, BBMP, who conducted a random sampling survey..