New B.M.C. Tax Revision in Mumbai for licensed properties
Atish
(Querist) 06 September 2009
This query is : Resolved
IN THE CASE OF RESIDENTIAL PROPERTY.
The B.M.C. has revised the tax structure in a very harsh manner in Mumbai for properties given on Leave and License. The tax is very high. I believe that it is subjudiced and has to still be decided on.
In caes the society is demanding it on behalf of the B.M.C. and the Property owner refuses to pay, could any action be taken on the property owner or it could remain pending till the final decission by the B.M.C.
Also whatpercentage would according to you on residential property tax be levied and how would it be calculated as far as expenses also incurred by the prperty holder.
Regardsriven
s.subramanian
(Expert) 31 October 2010
If it is exorbitant you can challenge the same in a court of law.
R.Ramachandran
(Expert) 31 October 2010
The rate of tax whether high or low cannot be questioned in any court of law. What can be quetioned in the court of law is whether the State Legislature has the competence to levy such a tax?
