Bengaluru Property Tax Settlement Scheme

13 Jun 2024 CW Team

The Karnataka government has announced a one-time settlement scheme for property tax defaulters in Bengaluru, effective until July 31. The scheme, declared by Karnataka Deputy Chief Minister D.K. Shivakumar, aims to encourage property owners to clear their dues without incurring additional penalties. This initiative is designed to provide relief to taxpayers while also boosting the state's revenue collection.

Under this scheme, property owners who have pending tax liabilities can settle their dues by paying the principal amount, with the government waiving off any interest and penalties accrued over the years. This move is expected to benefit a large number of property owners in Bengaluru, who have been burdened by accumulated interest and penalties on their overdue taxes.

The Deputy Chief Minister highlighted that the one-time settlement scheme is part of a broader effort to streamline and improve the property tax collection system in the city. The government is also working on enhancing the efficiency and transparency of the tax collection process, making it easier for property owners to comply with their tax obligations in the future.

The announcement of the scheme has been met with positive reactions from property owners and real estate stakeholders, who see it as a welcome relief during challenging economic times. It also aligns with the government's objective to increase compliance and reduce the backlog of unpaid taxes.

Infrastructure Energy

19 Sep 2025

J&K CM Rules Out Power Privatisation, Focuses on Sector Reform

Jammu and Kashmir Chief Minister Omar Abdullah has dismissed speculation regarding privatisation of electricity in the Union Territory, emphasising that his priority is to strengthen and reform the power sector.“We are not discussing privatisation. By reducing losses, improving billing efficiency, and enhancing revenue, there will be no need for it. My vision is to strengthen and reform the power sector in J&K,” Abdullah stated.He addressed the gathering at the 58th Engineers’ Day at SKICC on Monday evening, an event honouring Bharat Ratna Sir M Visvesvaraya for his pioneering contri..

Mumbai’s Sassoon Dock to Get Tech-Driven Modernisation with Finland

The Maharashtra government, in collaboration with Finland, will modernise Mumbai’s historic Sassoon Dock using advanced technology, state minister Nitesh Rane announced on Wednesday.Rane met a delegation of Finnish officials and representatives of Finnish companies at the dock to discuss strategic plans for upgrading the facility in south Mumbai, according to an official statement.Built in the 19th century, Sassoon Dock is one of Mumbai’s oldest and busiest fishing harbours. Operations currently exceed its original capacity, raising concerns over hygiene, odour, fish handling standards, an..

Agarwal Industrial Wins Rs 3.3 Billion IOCL Bitumen Tender

Agarwal Industrial Corporation rose 3.84 per cent to Rs 945.65 after announcing it had secured a prestigious tender from Indian Oil Corporation (IOCL) worth Rs 3.3 billion.In a regulatory filing during market hours, the company confirmed it had won the tender to supply Bulk Bitumen (VG-30 and VG-40 grades) to IOCL’s Kakinada locations.The firm quantity under the award totals around 60,500 tonnes across 11 parcels, while the optional quantity is approximately 33,000 tonnes across six parcels. This brings the total awarded quantity to roughly 93,500 tonnes. At current market prices, the firm o..