House property
This query is : Resolved
ANITA JOSE
(Querist)
24 June 2017
Whether in all the cases Municipal tax is calculated on Municipal Value?
Is there any situation where it is calculated on Annual Value?
Is there any situation where it is calculated on Annual Value?
Amol S Joglekar
(Expert)
24 June 2017
as the word indicates, MUNICIPAL tax is the tax levied by Municipality. So, obviously, the Municipality would like to levy tax on Municipal value rather than any other value like Fair Market Value or ready recknor value etc.......What do you say?
ANITA JOSE
(Querist)
24 June 2017
Thank you Sir, this replay helped me to clarify my doubt.
Amol S Joglekar
(Expert)
24 June 2017
you are most welcome
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