IT buildings cheating BBMP of crores in Tax

BANGALORE: Cash-strapped Bruhat Bangalore Mahanagara Palike (BBMP) seems to have identified sources from where it is losing revenue. Survey to reassess buildings in tech parks for property tax at Mahadevapura revealed that the Palike has been cheated of crores by commercial and IT buildings, which do not pay tax according to the law.A press release from BBMP said that 10 commercial buildings: RMZ Exo Space building, Salarpuria Hallmark, Salarpuria Touch Stone, Cessna Garden Business Park, Vrundhavan Tech Village, Ferns Icon, Sree Relators, Big Bazar, Island Star Mall Developers and Prestige Garden Construction Private Limited, at Mahadevapura had not paid tax according to their built up area, violating the law. According to the release, the survey revealed that every year, these buildings altogether had been paying `14.14 crore less than the actual tax amount.  Now, BBMP will collect the difference amount of `34.90 crore, which has not been paid for the last three years.