Bengaluru has lost out on hundreds of crores of rupees in property tax revenue, only because it did not verify tax declarations and did not raise tax rates in over a decade. This is as per an audit of BBMP for the years 2008-2010, by the Comptroller and Auditor General of India (CAG). In a press release on March 28th, BBMP has sounded the gong for 2012-13 tax collections. According to the report, false tax declarations alone created loss of at least Rs 207.35 cr in 2008-10. This was based on a sample audit of 169 declarations alone, from 16…
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