+
Government extends OTS scheme for property tax defaulters in Bengaluru
Real Estate

Government extends OTS scheme for property tax defaulters in Bengaluru

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.

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.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

NABARD Holds Seminar on Vigilance, Integrity and Good Governance

National Bank for Agriculture and Rural Development (NABARD) organised a seminar on “Vigilance: Strengthening Integrity and Good Governance” on 25 August 2026 at its Head Office in Mumbai as part of the ongoing Vigilance Awareness Campaign 2026 being observed from 17 August to 16 November 2026, with the theme “Probity for Prosperity."" The seminar was graced by Suresh N Patel, Former Central Vigilance Commissioner, Government of India, as the chief guest and keynote speaker.  The programme was attended by G S Rawat, Deputy Managing Director, Dr Ajay K Sood, Deputy Managing Dire..

Next Story
Equipment

XCMG Unveils World's First 14,000-Ton Ring Crane for Heavy Lifting

XCMG has announced that the first main unit of the world's first 14,000-ton ring crane has rolled off the production line, marking a historic breakthrough in ultra-heavy lifting technology. Jointly developed by XCMG and Sinopec Heavy Lifting & Transportation Co., Ltd., the crane will be the largest-capacity ring crane ever built, setting a new benchmark for major construction projects worldwide.The crane features a modular configuration comprising two main units that work in tandem. The first main unit has completed final assembly and can independently perform lifting operations. Once both..

Next Story
Infrastructure Urban

Thriveni Logistics orders 200 tip trailers from Jagdamba trailers

Jagdamba Trailers (JTPL), one of India’s growing trailer manufacturers, has secured a significant order for 200 Tip Trailers from Thriveni Transport and Logistics Pvt. Ltd., a leading mining and logistics company serving operations across India and overseas.The order, placed for iron ore transportation, is a major milestone for JTPL, particularly as the company secured the business after competing with more than 10 established trailer manufacturers. It also strengthens an already successful relationship between the two companies. Approximately one and a half years ago, Thriveni Transport and..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

SPECIAL OFFER
QR Code