Latest news with #DON
Time of India
7 days ago
- Business
- Time of India
BBMP to issue notices to tax evading owners
BBMP self-declaration system The Bruhat Bengaluru Mahanagara Palike () is preparing to issue notices to over four lakh property owners who are suspected of evading property tax by furnishing incorrect details about their properties. This action follows a detailed analysis based on data from the Digitally Owned Number (DON) there being more than 20 lakh properties within BBMP limits, the civic body is currently collecting just under `5,000 crore annually in property tax—far below potential collections. Officials have observed that a significant number of property owners have exploited the, underreporting property size to reduce their tax official said, 'To counter this, BBMP's revenue department has now turned to data collected from the Drone survey and UPR (Urban Property Ownership Records), which cover details of around 15 lakh properties. In addition, BBMP has collected GPS-based photos and data for each property. These are being matched with ownership records and supporting documents, including those submitted for e-Khata registration, to identify discrepancies. If mismatches are found—such as undeclared floor space or incorrect height and number of floors—property owners will receive formal notices.'Source said that with a target of collecting `6,000 crore in property tax for the 2025-26 fiscal year, BBMP is offering a 5% rebate for those who pay their dues by May 31. From June onward, BBMP will begin issuing notices ward-wise to defaulters and long-term evaders. In extreme cases, officials said, properties may even be seized or official added, 'BBMP is also developing technology that will allow automatic issuance of notices via SMS to the registered mobile numbers of property owners who provided false information on the BBMP property tax portal. Officials confirmed to Kannada Prabha that around 4 lakh such cases have already been identified, and notices will be sent out shortly.'According to BBMP officials, the revenue department has so far identified four lakh properties with incorrect self-declarations. With more under scrutiny, BBMP anticipates recovering an additional `1,000 crore in property tax and penalties in the coming months. As of Sunday, BBMP has collected `2,036 crore in property tax. With just a few days left in May, the civic body is aiming to cross the `3,000 crore mark before the rebate window closes.
Time of India
7 days ago
- Business
- Time of India
Over four lakh property owners in Bengaluru under scanner for evading tax notices
BENGALURU : The Bruhat Bengaluru Mahanagara Palike ( BBMP ) is preparing to issue notices to over four lakh property owners who are suspected of evading property tax by furnishing incorrect details about their properties. This action follows a detailed analysis based on data from the Digitally Owned Number (DON) Survey. Despite there being more than 20 lakh properties within BBMP limits, the civic body is currently collecting just under Rs 5,000 crore annually in property tax—far below potential collections. Officials have observed that a significant number of property owners have exploited the self-declaration system, underreporting property size to reduce their tax liability. Drone survey and satellite data An official said, 'To counter this, BBMP's revenue department has now turned to data collected from the Drone survey and UPR (Urban Property Ownership Records), which cover details of around 15 lakh properties. In addition, BBMP has collected GPS-based photos and data for each property. These are being matched with ownership records and supporting documents, including those submitted for e-Khata registration, to identify discrepancies. If mismatches are found—such as undeclared floor space or incorrect height and number of floors—property owners will receive formal notices.' Notices likely from June 1 Source said that with a target of collecting Rs 6,000 crore in property tax for the 2025-26 fiscal year, BBMP is offering a 5% rebate for those who pay their dues by May 31. From June onward, BBMP will begin issuing notices ward-wise to defaulters and long-term evaders. In extreme cases, officials said, properties may even be seized or auctioned. Automatic notices via SMS An official added, 'BBMP is also developing technology that will allow automatic issuance of notices via SMS to the registered mobile numbers of property owners who provided false information on the BBMP property tax portal. Officials confirmed to Kannada Prabha that around 4 lakh such cases have already been identified, and notices will be sent out shortly.' Rs 1,000 cr in additional tax recovery expected According to BBMP officials, the revenue department has so far identified four lakh properties with incorrect self-declarations. With more under scrutiny, BBMP anticipates recovering an additional Rs 1,000 crore in property tax and penalties in the coming months. As of Sunday, BBMP has collected Rs 2,036 crore in property tax. With just a few days left in May, the civic body is aiming to cross the Rs3,000 crore mark before the rebate window closes.
Business Mayor
20-05-2025
- Business
- Business Mayor
Is This Meme Coin About to Repeat Dogecoin's Rally After Elon's First Tweet? Strong Momentum Follows CoinMarketCap, CoinGecko, and CEX Listings
The project's strategy to expand its trading accessibility began with listings on top-tier platforms. The DON/USDT pair on has been the most active, contributing significantly to the daily trading volume, which at one point surpassed $4.6 million. Additional availability on MEXC and PancakeSwap enhances liquidity and supports a broader user base. With a presence now established on CoinMarketCap and CoinGecko, the next key development for is a potential listing on Binance. The Binance Smart Chain ecosystem has already facilitated ease of use for DON through MetaMask integration, allowing users to import the token manually via its contract address (0x42fe1937e1db4f11509e9f7fdd97048bd8d04444). The anticipation of a Binance listing does conform with the historical behavior of other meme tokens, where once the coin was exposed on a big exchange, we saw massive price action. Listing DON on Binance would be a major milestone for DON and may trigger the next step of the market expansion. Trade $DON now on READ SOURCE
Yahoo
15-05-2025
- Business
- Yahoo
Is WisdomTree U.S. MidCap Dividend ETF (DON) a Strong ETF Right Now?
Designed to provide broad exposure to the Style Box - Mid Cap Value category of the market, the WisdomTree U.S. MidCap Dividend ETF (DON) is a smart beta exchange traded fund launched on 06/16/2006. Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry. Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency. There are some investors, though, who think it's possible to beat the market with great stock selection; this group likely invests in another class of funds known as smart beta, which track non-cap weighted strategies. This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics. This area offers many different investment choices, such as simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies; however, not all of these strategies can deliver superior results. DON is managed by Wisdomtree, and this fund has amassed over $3.63 billion, which makes it one of the larger ETFs in the Style Box - Mid Cap Value. Before fees and expenses, DON seeks to match the performance of the WisdomTree U.S. MidCap Dividend Index. The WisdomTree U.S. MidCap Dividend Index is a fundamentally weighted index that measures the performance of the mid-capitalization segment of the US dividend-paying market. When considering an ETF's total return, expense ratios are an important factor. And, cheaper funds can significantly outperform their more expensive cousins in the long term if all other factors remain equal. Operating expenses on an annual basis are 0.38% for this ETF, which makes it on par with most peer products in the space. DON's 12-month trailing dividend yield is 2.43%. Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis. DON's heaviest allocation is in the Financials sector, which is about 24.50% of the portfolio. Its Industrials and Consumer Discretionary round out the top three. Taking into account individual holdings, Westar Energy Inc (WR) accounts for about 1.58% of the fund's total assets, followed by Gaming & Leisure Porperties Inc (GLPI) and Cna Financial Corp (CNA). The top 10 holdings account for about 11.41% of total assets under management. The ETF has lost about -2.24% and is up roughly 4.50% so far this year and in the past one year (as of 05/15/2025), respectively. DON has traded between $43.28 and $55.55 during this last 52-week period. The ETF has a beta of 0.93 and standard deviation of 18.82% for the trailing three-year period, making it a medium risk choice in the space. With about 333 holdings, it effectively diversifies company-specific risk. WisdomTree U.S. MidCap Dividend ETF is a reasonable option for investors seeking to outperform the Style Box - Mid Cap Value segment of the market. However, there are other ETFs in the space which investors could consider. IShares Russell Mid-Cap Value ETF (IWS) tracks Russell MidCap Value Index and the Vanguard Mid-Cap Value ETF (VOE) tracks CRSP U.S. Mid Cap Value Index. IShares Russell Mid-Cap Value ETF has $13.13 billion in assets, Vanguard Mid-Cap Value ETF has $17.43 billion. IWS has an expense ratio of 0.23% and VOE charges 0.07%. Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Mid Cap Value. To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report WisdomTree U.S. MidCap Dividend ETF (DON): ETF Research Reports CNA Financial Corporation (CNA) : Free Stock Analysis Report Gaming and Leisure Properties, Inc. (GLPI) : Free Stock Analysis Report Vanguard Mid-Cap Value ETF (VOE): ETF Research Reports iShares Russell Mid-Cap Value ETF (IWS): ETF Research Reports This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
