The Government of Karnataka on September 10, 2024, issued the Karnataka Municipalities and Certain Other Law (Amendment) Act, 2024, to further amend the Karnataka Municipalities Act, 1964 and the Karnataka Municipal Corporations Act, 1976.
The following amendments have been stated:
• In the Karnataka Municipalities Act, 1964, in section 105, which states “Assessment of property tax”, in sub-section (3), the following shall be inserted at the end, namely:
“Notwithstanding anything contained in this sub-section the assessment made under this sub-section for any return submitted under sub-section (1) for the last six financial years, commencing from the financial year 2023-24, shall be concluded within one year”.
• In the Karnataka Municipal Corporation Act, 1976, in section 112A, which states “Assessment of property tax”, in sub-section (3), the following shall be inserted at the end, namely:
“Notwithstanding anything contained in this sub-section the assessment made under this sub-section for any return submitted under sub-section (1) for the last six financial years, starting from the financial year 2023-24, shall be concluded within one year”.
This notification shall come into force at once.
[Notification No 43 of 2024]
