BBMP Penalty For Under-Assessed Malls In Bangaluru

tax1By Accommodation Times Bureau

The Bengaluru Bruhat Mahanagara Palike (BBMP) has informed that most of the
55 big properties are found guilty of under-assessment, that it electronically
surveyed for violations in property tax assessment .
These properties will now have to pay double of the amount by which their
property tax had been under-assessed and other arrears. The survey was carried out
under the BBMP's Total Station Survey (TSS) programme.
MK Gunashekar, Chairman, BBMP standing committee on taxation and finance,
gave information that property tax demand notices for three of these properties –
Gopalan Mall on Bannerghatta Road, Salapuria Oasis Mall, and Ness Technologies
in Koramangala -have been prepared and will be taken up under procedure soon.
The Bengaluru Bruhat Mahanagara Palike will issue notices in near future to
Gopalan Mall on Bannerghatta Road, Salapuria Oasis Mall, and Ness Technologies
in Koramangala.
"These properties will have to pay Rs 28.76 crore to the BBMP. They have
underassessed their property dimensions. They will be given 30 days to respond to

the notice. All three properties come under south zone of BBMP," said MK
Gunashekar, Chairman, BBMP Standing Committee on taxation and finance.
On asking about the remaining 51 properties assessed, Gunashekar said many are,
at first look, guilty of wrong assessment to evade tax. "After discussions with joint
commissioners, we will serve tax demand notices on all violators. We estimate Rs
200 crore in revenue from such violators through penalties," he added.
The ongoing electronic survey will check 77 tech parks, 51 malls and 4,834
industries in the city, apart from thousands of mega residential complexes to check
for violations in self-assessment of property tax. All of these properties are spread
over the city's eight zones, and properties in six zones are taken up for the survey.
Properties in Rajarajeshwari Nagar and Dasarahalli zones are yet to be taken up for
the survey.





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