AAI NOT A GOVT AGENCY, MUST PAY PROPERTY TAX
The Airports Authority of India (AAI) owes the Bruhat Bengaluru Mahanagara Palike (BBMP) over Rs 8 crore in belongings tax, claims the civic employer. BBMP says Airports Authority of India is a business established order and cites rules from 1876 annoying it pay property tax from 1997 onwards. If you concept government businesses and departments are exempt from belongings tax, the BBMP has pulled out a rule from the Karnataka Municipal Corporations Act, 1876, according to which “lands belonging to the Central Government and State Government used for Government and now not used or supposed for use for residential or business purposes, handiest are exempted from paying property tax.” Since AAI is an industrial establishment, it cannot be exempted from paying tax, BBMP said.
Tax not paid for 21 years
The AAI owes Rs 8,20,09,325 to the BBMP in assets tax from the 12 months 1996-ninety seven. The civic employer claims that the taxes are due from the last 21 years. However, it determined to task it. In 1995-ninety six, however, the AAI paid assets tax after the BBMP raised a demand observe. The appeals it has filed are nevertheless pending before a standing committee of the BBMP.
Meanwhile, AAI approached the excessive courtroom searching for a path to the BBMP status committee on appeals to determine the problem, pending considering September 2016. The closing demand notice through the BBMP was raised on August 20, 2016. The claim for Rs eight.2 crore includes penalty at the unpaid belongings tax because 1997-98. Of the 8.2 crores, Rs 2.9 crore is the penalty, and Rs 1.1 core is less. Justice Vineet Kothari said that there has been postponing in difficulty, and the standing committee ought to come to an end at the earliest.
Giving four weeks to the committee to determine the difficulty, the HC order said, “Since the enchantment is pending before the cable authority respondent No 1 – the status Committee on Appeals, BBMP, Bengaluru – this Court might no longer like to explicit any opinion at the deserves of the contentions raised inside the be counted which the stated status committee is meant to determine by the regulation. However, considering that huge length has already been lost due to the pendency of the prevailing petition, respondent No.1 is directed to determine the appeal within a duration of 4 weeks from today, and no extension of time for that cause will be allowed. By using this courtroom.”
Common Questions When It Comes to Real Property Tax within the Philippines
Do you own a piece of actual estate belongings inside the Philippines? Whether you’ve got a vacant lot simply ready to have a residence constructed on it, a townhouse inside the metropolis of Manila you’re renting out, or an industrial establishment in the province, you ought to be paying your actual property tax.
Q: What is real property tax?
It is the tax levied on Philippine Real estate belongings. The relevant fee relies upon the place. A city or municipality in Metro Manila might also impose 1 percentage whilst cities and municipalities out of doors Metro Manila may additionally levy the tax at a price now not exceeding 2 percentage. The owner of the actual property in the Philippines can pay the tax in four identical installments on or before the final day of each calendar sector.
Q: Payment of Real Property Tax
Payment is made on the Municipal hall of the region your private home is placed. If you have assets in Ayala Alabang, using all way, go to the beautiful Municipal corridor of Muntinlupa in which they have made it clear to pay your actual property tax – using way of a nice, secure construction, and signs and symptoms/guidelines everywhere so you may not wander off. Add to that the friendly personnel geared up to help you.
Q: Is there any bargain?
Normally, cities deliver discounts to early players. For instance, if you plan to pay for the whole due for the subsequent year, you could pay as early as November-December of the current 12 months, so you’ll get a reduction. This does no longer keep for all cities – so go to your municipal hall to make certain.
Q: Do I need to pay if I haven’t any identity, and but im occupying the assets already?
Yes, you have to pay the actual belongings tax from the time you moved into a date or almost three hundred and sixty-five days, with or without identity.
Q: If my assets are below my husband’s name, who’s a foreigner, does he still have to pay the actual belongings tax?
Yes! Even if the belongings are the call of your foreign husband, actual belongings tax continues to be imposed. It should truly be paid to the nearby authorities wherein the property is placed.
Q: I bought an actual property asset from the auction and found out the owner has 3 years’ really worth of unpaid real assets tax! Do I pay for it?
Most homes from the auction are on an “As is wherein is the basis,” which means you ought to have done due diligence. Investigated the historical past of the belongings earlier than you dove in. Sure, you may have to pay in different phrases, except you made the prior association with the auctioneer earlier than bidding at the assets.
Q: Yikes, I did not get to pay my real belongings tax closing year; what may want to happen?
The taxpayer is a problem paying hobby at the charge of two percent in keeping with the month but no longer to exceed 36 months.