Government extends OTS scheme for property tax defaulters in Bengaluru

13 Sep 2024 CW Team

The government has extended the one-time settlement (OTS) scheme by two more months by giving relief to tax defaulters. This is the second time the government has extended the scheme. Property taxpayers can now clear their dues under the scheme till Nov 30. The government had introduced OTS in Feb this year, and the scheme expired on July 31. Later, the government extended it till Sept 30. "We need to provide property tax defaulters adequate time to avail the scheme and clear dues. Hence, we have extended OTS scheme till Nov 30," BBMP special commissioner (revenue) Munish Moudgil told TOI. Based on a cabinet decision taken on Sept 5, the government issued an order Wednesday, extending the deadline. BBMP sources said earlier there was no provision for owners to revise their property tax upward. So, there was a request to give them the opportunity under the self-assessment scheme. Considering this request from multiple taxpayers, the government decided to provide property owners the chance to revise their returns and pay dues under the extended OTS scheme. The scheme helps defaulters get a 100% rebate on interest and 50% rebate on penalties. According to BBMP data, there are over 2.6 lakh defaulters in the city with dues amounting to more than Rs 4.74 billion. BBMP collected Rs 2.73 billion in arrears until Sept 1 this financial year. The Palike attached 49,487 properties and sealed 4,586 non-residential ones until Sept 1.

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