Articles by D R Prakash

All property owners in Bengaluru have to pay the property tax for the financial year 2022-23. The last date for doing so without penalty and interest is June 30th, while with penalty and interest, it can be paid at the convenience of the owner. BBMP offers a 5% rebate on property tax payment upto 30th April 2022. Given the challenges of growing circumstances, BBMP must extend the rebate period for one more month (upto May) as was done in earlier years. There are some issues in the system, BBMP must rectify all bugs and malfunctions in the tax payment portal…

May 30th is the last date for paying your property tax in advance, if you want to avail discount. But the problems in your account have not been fixed in the BBMP portal to collect taxes, in spite of having a complete year at their (BBMP) disposal. So in all probability, you will end up paying inaccurate amount this year as well, if your account had a problem last year. The wrong calculations of last year are being carried forward this year as well. Those who paid as ‘early birds’ with highertaxes due to revision in tax as well as…

BBMP Property tax payment cycle is underway. Here's a guide that explains the process and lists the problems, along with the changes introduced this year. Note: This article was originally published on April 18th, and has been updated on May 6 2016, to reflect the BBMP's rollback of zonal classification. Finally BBMP has fixed the system to file property tax. This year there are changes: 1. Change in tariff 2. Change in zonal classifications (Rolled back on Apr 28th) The first one is a regular hike, which had to be done after expiry of every BLOCK period of FIVE years.…

It’s that time of the year when you can start paying property tax for the next year. Now that the increase in tariff and other changes are settled, one can actually calculate how much property tax has to be paid and be done with it. This year, there are changes in two respects : Change in tariff Change in zonal classifications The first one is a regular hike, which had to be done after expiry of every blockperiod of fiveyears. But there is also a controversy of the block period to make it to threeyears, but the actual effect is…

It is that time of the year when people in Bengaluru start rushing to pay property tax to avail discounts. All of us would have paid the taxes for all the previous years (2008-14) by filling the appropriate form (Form I-for properties with PID no./ Form II-for  properties having only Khatha no./ Form III-for properties with neither PID nor Khatha no.) and have come to the stage of paying the taxes for the current year. Here’s a guide on how to do it.  This time, there are of two different types – White (form IV) in bilingual and Blue (Form…

A new rule to link Aadhaar Card and Bank Account with the gas connection is on the way. Consumers in Bengaluru are being sent messages regarding this, though the government has not completed the process of issuing the cards for a large number of citizens. Also, as the acceptance of Aadhar is still pending in the supreme court, how can this be implemented? Direct Subsidy Transfer scheme has not been implemented so far in Karnataka anywhere, though many deadlines have been given.                                      - EditorAlso read: How to link Aadhaar card to bank account. At present the…

It is that time of year when we have to pay the property tax for the current year. There are two different types - White (Form IV) in bilingual, and Blue (Form V) For the properties, where there is no change in any field - either in category (residential / non-residential), dimensions (any addition / deletion to the structure) or usage (tenanted / self-occupied) one has to use the white form (Form.IV). Unlike previous years, the Form IV has already reached all the help centres this time. Pic: Shreyas B K The block period for this term came to an…

Most of us have paid the taxes for the years 2008-09, 2009-10, 2010-11 & 2011-12 by filling the appropriate form (From I - for properties with PID no./ Form II-for properties having only Khata no./ Form III-for properties with neither PID nor Khata no.). Now it is time to pay taxes for the current year.The forms are of two different types - White (Form IV) and Blue (Form V).For properties, where there is no change in any field - either in CATEGORY (Residential / Non-Residential), or DIMENSIONS (Any addition / Deletion to the structure), USAGE (Tenanted / Self occupied), you…

NOW that most of us have paid the taxes for the years 2008-09, 2009-10 & 2010-11 by filling the appropriate form and have come to the stage of paying the taxes for the current year. In the first year of the block period (2008-09), you would have used Form I (for properties with PID No.), Form II (for  properties having only Khata Number) or Form III (for properties with neither PID nor Khata number).  The block period has been officially extended to FIVE years and hence the current block consists of years from 2008-09 to  2012-13. Hence the depreciation allowed…

IT has been announced recently for the collection of tax for the year 2010-11 with a rebate of 5% only upto 30th April 2010.This period being the bottleneck of the year, where previous years dues of loan, interest etc would have been paid by 31st March. The burden of children education, holiday expenses ( either you have to move out or relatives move in), the current cost of essentials - food and vegetables, etc. which are unavoidable to be postponed and has to be met.In many cases, contributions to the recently held elections have also been met by many indirectly,…