Tag: Bengaluru Palace

High Court tells royal family: Pay tax on Bengaluru Palace land
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High Court tells royal family: Pay tax on Bengaluru Palace land

August 31, 2018

Bengaluru: The Karnataka High Court yesterday upheld the imposition of Wealth Tax on 28 acres of land known as ‘Bangalore Palace and its appurtenant lands’ for assessment years 1999-2000 to 2004-05. The assessing authority had fixed Rs. 183.3 crore as Wealth Tax for the land at the rate of Rs. 1,500 per sq. ft. based…

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