STOCK MARKET BSE NSE

Billboards at shops to be taxed?

Cash-strapped Bruhat Bangalore Mahanagara Palike (BBMP) seems to be exploring various options to collect more revenue.

Published: 14th September 2013 07:45 AM  |   Last Updated: 14th September 2013 07:45 AM   |  A+A-

Cash-strapped Bruhat Bangalore Mahanagara Palike (BBMP) seems to be exploring various options to collect more revenue.

Mayor B S Sathyanarayana, who has been conducting review meetings with various departments for the past three days, told reporters on Friday that plans were afoot to collect advertisement tax from companies  that advertise in front of shops.

“I have directed officials to prepare a list of shops displaying advertisement boards and submit it by this month end,” he said.

Later, speaking to Express, Sathyanarayana said hoarding at petrol bunks, malls and other commercial places may also come under the ambit of the tax drive.

“Even if we charge Rs 500-1,000 per display, we will earn crores in revenue. There is no need for us to bring this to the Council for approval. The BBMP Advertisement Department is authorised to levy tax on these boards,” he said.

The Mayor said tax inspectors have been directed to visit 25 defaulters’ properties each day and collect fines, while revenue inspectors will visit five properties and revenue officers will visit one erring property. With this, officials can ascertain if the existing building has violated the Self Assessment Scheme as declared by owners.



Comments

Disclaimer : We respect your thoughts and views! But we need to be judicious while moderating your comments. All the comments will be moderated by the newindianexpress.com editorial. Abstain from posting comments that are obscene, defamatory or inflammatory, and do not indulge in personal attacks. Try to avoid outside hyperlinks inside the comment. Help us delete comments that do not follow these guidelines.

The views expressed in comments published on newindianexpress.com are those of the comment writers alone. They do not represent the views or opinions of newindianexpress.com or its staff, nor do they represent the views or opinions of The New Indian Express Group, or any entity of, or affiliated with, The New Indian Express Group. newindianexpress.com reserves the right to take any or all comments down at any time.

flipboard facebook twitter whatsapp