Karnataka Municipalities and Certain Other Law (Amendment) Act, 2021

Mar 05, 2021 | by Avantis RegTech Legal Research Team

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Commercial Compliance

The Government of Karnataka on February 17, 2021 has issued the Karnataka Municipalities and Certain Other Law (Amendment) Act, 2021 to further amend the Karnataka Municipalities Act, 1964 and Karnataka Municipal Corporations Act, 1976. 

The following amendments have been made: 

Karnataka Municipalities Act, 1964:

• Section 105 (1), which specifies the rebate on the payment of tax, a new proviso has been inserted, namely:

“Provided further that, for the financial year 2020-2021 if the owner or occupier who is liable to pay tax files his returns and also pay tax which is due within one month from the date of commencement of the Karnataka Municipalities and Certain Other Law (Amendment) Act, 2021 he shall also be allowed a rebate of five percent on the tax payable by him. 

Provided also that, in case property tax is paid in full in the financial year 2020-21 before the commencement of the Karnataka Municipalities and Certain Other Law (Amendment) Act, 2021, the rebate so allowed shall be adjusted in payment of tax for the future years.”

• Section 105 (8), which specifies the assessment of the property tax, a new proviso has been inserted, namely: 

“Provided that, for the financial year 2020-2021, the property tax shall be paid by the person primarily liable, within one month after the commencement of the Karnataka Municipalities and Certain Other Law (Amendment) Act, 2021.”

Karnataka Municipal Corporations Act, 1976:

• Section 112 (3), which specifies the property tax from whom and when payable, a new proviso has been inserted, namely: 

“Provided that, for the financial year 2020-2021, the property tax shall be paid by the person primarily liable, within one month from the date of commencement of the Karnataka Municipalities and Certain Other Law (Amendment) Act, 2021.”

• Section 112 A (1), which specifies the assessment of property tax, a new proviso has been inserted, namely: 

“Provided further that, for the financial year 2020-2021 if the owner or occupier who is liable to pay tax files return and also pays tax which is due or within one month from the date of commencement of the Karnataka Municipalities and Certain Other Law (Amendment) Act, 2021, he shall be allowed a rebate of five percent on the tax payable by him. 

Provided also that, in case property tax is paid in full in the financial year 2020-21 before the commencement of the Karnataka Municipalities and Certain Other Law (Amendment) Act, 2021, the rebate so allowed shall be adjusted in payment of tax for the future years.”

[Act No 07 of 2021]

 


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