Bengaluru Authorities Initiate Comprehensive Property Tax Survey
The Greater Bengaluru Authority (GBA) has issued a directive to local corporations, mandating a thorough survey of malls and large buildings across the city. This initiative aims to identify and rectify potential discrepancies in property tax assessments, following credible reports that several major establishments may have underreported their built-up area to minimize their tax obligations.
Revenue Department Takes Proactive Measures
Senior officials from the Revenue Department of the GBA have confirmed that the survey exercise is a direct response to intelligence suggesting widespread underreporting of built-up areas by large commercial properties. The department has emphasized the importance of this move in ensuring fair taxation and boosting municipal revenue streams.
Key objectives of the survey include:
- Accurately measuring the built-up area of malls and large buildings to verify existing tax records.
- Identifying properties that have deliberately underreported their area to reduce tax liability.
- Implementing corrective measures to ensure all establishments pay their fair share of property taxes.
Implications for Bengaluru's Urban Infrastructure
This survey is expected to have significant implications for Bengaluru's urban development and fiscal health. By addressing tax discrepancies, the GBA aims to enhance revenue collection, which can be reinvested into critical infrastructure projects and public services. The move also underscores the authority's commitment to transparency and accountability in municipal governance.
Officials have stated that the survey will be conducted systematically, with corporations tasked to complete the exercise in a timely manner. Property owners found in violation may face penalties and back taxes, reinforcing the importance of compliance with tax regulations.
This proactive step by the Greater Bengaluru Authority highlights ongoing efforts to modernize tax administration and ensure equitable contributions from all property owners, supporting the city's growth and sustainability goals.
