I own a flat at Indirapuram, I tried to find out the property tax rate and the process to submit the property tax. Can anyone please help me out. Thanks in advance
2006-12-07 00:11:58 · 4 answers · asked by Vivek Gupta 2 in Business & Finance ➔ Taxes ➔ India
Only people from Ghaziabad can answer you. Any away I will tell you out line of this tax.
It will be collected by municipal people. If you have not yet obtained the house number for your flat, then go and meet the municipal people and fill the forms if any, also look after their "welfare". Then you will get house number and house tax at a lesser rate.
Normally the property tax will be around equals to 3 months rent. But in practice it will be less than one month rent as people will not disclose the actual rent. OK ?
xxx
2006-12-08 00:36:32 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It is assumed that the Property is vacant for the part year. Where the let out Property is vacant for part of the year, then the actual rent is lower than ALV, then the actual rent received or receivable will be the Gross Annual Value of the Property. For Eg: If the monthly rent is Rs. 5000, then the annual value of the Property will be Rs. 60000, but if it is vacant for 3 months, then the rent received / receivable will be Rs. Rs. 45000. Municiapl Tax paid Rs. 2000. Therefore, GAV 45000 Less : Municipal Taxes 2000 Net Annual value 43000 Less : Stanadard Deduction @ 30% as per sec 24 12900 (30% of Rs. 43000) Income from House property 30100 Note: 1) You can also claim the Interest on Loan taken for construction / purchase of the House Property. 2) Municipal Taxes to be paid only if it is paid by the Owner of the House Property. Regards, Devendra
Read more at: http://www.caclubindia.com/forum/house-property-tax-for-rented-flat-in-ghaziabad-135536.asp#.Uxq0rz-Sysk
2014-03-07 18:24:25 · answer #2 · answered by suresh 1 · 0⤊ 0⤋
Indirapuram Property
2016-12-17 12:56:57 · answer #3 · answered by bate 4 · 0⤊ 0⤋
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RE :Does anyone know the rate of property tax in Indirapuram, Ghaziabad, U.P., India?
I own a flat at Indirapuram, I tried to find out the property tax rate and the process to submit the property tax. Can anyone please help me out. Thanks in advance
Follow 3 answers
2017-03-26 22:39:52 · answer #4 · answered by ? 6 · 0⤊ 0⤋