An analysis of a mere 169 city property tax returns between 2008-10 by the Comptroller and Auditor General of India (CAG) found that Bengaluru had lost over Rs.200 crores in revenues. 25 software companies alone accounted for Rs.90 crores of this. The fault: BBMP officials had not done any cross-verification on the self-assessment based tax filings. Further, CAG's audit of BBMP balances in over 600 bank accounts found out that it had left hundreds of crores of rupees lying in temporary accounts during 2008-10 without transferring the money to the main bank branches. Without this, the funds could be…
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