Q: I rented 400sft portion of my building to run tutorial classes to students.the tenant put huge name board. Should I pay commercial rate property tax to bbmp. If he puts smaller board say 2x2 sft. Can I avoid tax on commercial rate. Please clarify.
Hi Krishnamurthy, I think you have to pay commercial tax to BBMP. Commercial properties have to pay not more than 25 percent of property tax in Bangalore. But it is better to take advice from a legal expert in this matter.