BBMP revises parking tax: Will residential buildings in Bengaluru face increased tax liability?

BBMP revises parking tax: Will residential buildings in Bengaluru face increased tax liability?

New Delhi: The Bruhat Bengaluru Mahanagara Palike (BBMP) has revised the property tax calculation for covered and stilt parking areas across all buildings in the city. This change can result in notable savings for large shopping malls while increasing the tax burden for owners of separate houses and apartments. The decision has raised concerns among the public, who fear that the new parking tax rates might be higher than the current ones. Howeve…