Pay property tax or lose assets: BBMP

BENGALURU: Property tax defaulters, watch out. Furniture and other movable assets in your house or commercial property could be confiscated if you don’t pay taxes even for one year.

N Manjunath Prasad, commissioner of Bruhat Bengaluru Mahanagara Palike, said on Tuesday the Palike will issue notices to tax defaulters from April 1 with a 15-day time to pay up the arrears. “If defaulters fail the deadline, we will confiscate assets from their houses or commercial establishments,” he added.

Courtesy: TNN | 15-March-2017

      

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