Latest Expert Exchange Queries
sitemapHome | Registration | Job Portal for CA's | Expert Exchange | Currency Converter | Post Matrimonial Ads | Post Property Ads
 
 
News shortcuts: From the Courts | News Headlines | VAT (Value Added Tax) | Service Tax | Sales Tax | Placements & Empanelment | Various Acts & Rules | Latest Circulars | New Forms | Forex | Auditing | Direct Tax | Customs and Excise | ICAI | Corporate Law | Markets | Students | General | Indirect Tax | Mergers and Acquisitions | Continuing Prof. Edu. | Budget Extravaganza | Transfer Pricing
 
 
 
 
Popular Search: ICAI offer Get Windows 7,Office 2010 in Rs.799 Taxes :: ARTICLES ON INPUT TAX CREDIT IN VAT :: ACCOUNTING STANDARD :: articles on VAT and GST in India :: TAX RATES - GOODS TAXABLE @ 4% :: empanelment :: due date for vat payment :: Central Excise rule to resale the machines to a new company :: form 3cd :: cpt :: VAT RATES :: ACCOUNTING STANDARDS :: TDS :: VAT Audit :: list of goods taxed at 4%
 
 
General »
 Shah gets notices over civic tax dues
 Tax revenue down in first six months after prohibition
 Post demonetisation, Income Tax department sends 30 cases of irregularities to Enforcement Directorate, CBI
 Don’t rush into a new tax without being prepared
 Can’t tax income from palace rent: Supreme Court
  Withdrawal of Legal Tender Character of the existing Bank Notes in the denominations of ₹ 500/- and ₹ 1000/- (Updated as on November 30, 2016)
 Cases for tax scrutiny will be selected by machines
 Time to revisit 1997 direct tax rates, says P Chidambaram
 Lok Sabha passes Bill to tax black money deposits post demonetisation
 Last day to pay property tax with old notes
 Income tax department asks IDS declarants to pay tax by 30 November

Pay tax, get notice too
November, 17th 2009

You paid property tax on time. You even raced to take advantage of the 5% rebate. Yet, has the BBMP slapped a notice on you? Strange but true. And you are not the only one.

In its drive to catch errant taxpayers for the previous block period (2008-09), the Palike has surprisingly been snaring a few regulars. This has shocked both residential and commercial property owners.

Venkatesh, staying in an apartment on Sarjapur Road who promptly paid tax for both block periods within the rebate period, was shocked when he received the notice. It said the BBMP is yet to receive tax on his property for the previous year.

There was a bigger shock in store for him. When he checked with the apartment association, almost all 58 residents had been slapped with similar notices.

Saifee Erinpurwala, a trader on S P Road, is rather annoyed with the notice that landed at his office on November 10. Quite natural for one who paid his tax of Rs 34,000 and even availed 5% rebate. "I paid tax through our association and even got a receipt from BBMP. Is there no scrutiny before notices are sent?'' he asks.

He's joined by many members of the Karnataka Hardware and Elite Merchants' Association. "To help BBMP, the association took the initiative to collect around 400 forms from our members to submit tax on time. We also got receipts from the Palike. Yet, it's unfortunate that most of us have been given notices. Worse, there's nobody to help clarify our queries at the offices'' explains association president B K Goyal.

"Many people have been calling us to ask about it. Unfortunately, we don't have the answers. Hope the BBMP clarifies at the earliest and does not make us go to its office for a clarification. For them, tax collection is work. But why tax us especially when it's not our fault,'' says FKCCI vice-president Sreenivasamurthy.

2 LAKH NOTICES IN 10 DAYS

BBMP has sent nearly 2 lakh notices over the past 10 days. By rough estimate, at least 5% are to persons who have already paid tax. May 30, 2009, was the last date to pay the second half instalment without penalty for 2008-09. Technically, the BBMP has powers to issue notices from September. However, the process was delayed till the compilation was complete. But the Palike seems to have hit the wrong targets in its zeal!

YES, IT'S A MISTAKE: BBMP

BBMP revenue officials, who confirmed the mistakes had indeed happened, said it could be in cases where people paid tax on the cut-off date or later. "We admit it's a mistake but you needn't panic if you have the receipt. You must produce it and ignore the notice,'' a BBMP official said.

SHOCKING NUMBERS

If the 2 lakh notices over the past 10 days aren't shocking enough, there's more. According to BBMP records, only 7.63 lakh property owners of the overall 20 lakh properties in Bangalore have paid tax for 2008-09. This includes 2.6 lakh owners in core areas which have 6.9 lakh properties. A majority of residential property owners in the newly added areas are yet to enter the tax bracket for the previous block period. All this when the November 30 deadline for payment of second-half instalment for the current block period is not too far away.

 
 
Home | About Us | Terms and Conditions | Contact Us
Copyright 2016 CAinINDIA All Right Reserved.
Designed and Developed by Binarysoft Technologies Pvt. Ltd.
Binarysoft Technologies - Privacy Policy

Transfer Pricing | International Taxation | Business Consulting | Corporate Compliance and Consulting | Assurance and Risk Advisory | Indirect Taxes | Direct Taxes | Transaction Advisory | Regular Compliance and Reporting | Tax Assessments | International Taxation Advisory | Capital Structuring | Withholding tax advisory | Expatriate Tax Reporting | Litigation | Badges | Club Badges | Seals | Military Insignias | Emblems | Family Crest | Software Development India | Software Development Company | SEO Company | Web Application Development | MLM Software | MLM Solutions