Property owners in Bengaluru need to act fast as the Bruhat Bengaluru Mahanagara Palike (BBMP) has announced a strict penalty on overdue property tax payments. Starting April 1, 2024, a 100% fine will be imposed on all pending tax dues, making timely payment crucial to avoid hefty penalties.
What You Need to Know
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Deadline: Property owners must clear their outstanding dues before March 31, 2024, to avoid the fine.
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Penalty Structure: From April 1, unpaid dues will attract a 100% penalty, doubling the amount owed.
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Payment Process: Tax payments can be made online through the BBMP portal or at designated centers across the city.
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Implications: Failure to pay on time could lead to legal action, additional fines, or difficulties in property transactions.
Why This Matters
The BBMP is taking stringent measures to boost revenue collection and ensure compliance. Delaying payments could significantly impact property owners financially. Those with overdue taxes should settle them immediately to avoid unnecessary penalties.
For more information and to pay your dues, visit the official BBMP property tax portal or contact your local BBMP office.