CAN NAV BE NIL (IHP)
This query is : Resolved
Guest
Guest
(Querist)
17 June 2009
HOW NAV CAN BE NIL?
CASE 1: IF MUNICIPAL VALUE IS NOT GAV: MUNICIPAL TAX IS CERTAIN % OF MUNICIPAL VALUE SINCE,GAV WILL BE HIGHER THAN MUNICIPAL VALUE SO MUNICIPAL TAX WILL ALSO BE LESS THAN GAV SO HOW IT COULD BE POSSIBLE ???
CASE 2: IF MUNICIPAL VALUE IS GAV: THEN ALSO MUNICIPAL VALUE WILL BE CERTAIN % OF MUNICIPAL VALUE SO AGAIN NAV WILL BE POSITIVE???
JUST TELL ME WHETHER I AM RIGHT OR WRONG THAT MUNICIPAL TAX IS % OF MUNICIPAL VALUE I DON'T THING SO MUNICIPAL VALUE WILL BE MORE THAN 100% OF MUNICIPAL VALUE.
CASE 1: IF MUNICIPAL VALUE IS NOT GAV: MUNICIPAL TAX IS CERTAIN % OF MUNICIPAL VALUE SINCE,GAV WILL BE HIGHER THAN MUNICIPAL VALUE SO MUNICIPAL TAX WILL ALSO BE LESS THAN GAV SO HOW IT COULD BE POSSIBLE ???
CASE 2: IF MUNICIPAL VALUE IS GAV: THEN ALSO MUNICIPAL VALUE WILL BE CERTAIN % OF MUNICIPAL VALUE SO AGAIN NAV WILL BE POSITIVE???
JUST TELL ME WHETHER I AM RIGHT OR WRONG THAT MUNICIPAL TAX IS % OF MUNICIPAL VALUE I DON'T THING SO MUNICIPAL VALUE WILL BE MORE THAN 100% OF MUNICIPAL VALUE.
18 June 2009
I think Municipal taxes are caluclated based on the area plus the %defined in that sate. It nowhere link ot HP in Income Tax law
Guest
Guest
(Querist)
01 November 2009
I GOT MY ANS. IT IS POSIBLE BECOZ MUNICIPAL TAX IS ALLOWED ON PAIDBASES.
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