Canary

Big building tax exemption in Nagpur

Big building tax exemption for small plots in Nagpur

big building tax

03-Jan-2017 :

Nagpur Municipal Corporation (NMC) has proposed to exempt buildings/ houses on plots upto 200 sq mts from 10% big building tax.

It is presently payable on buildings on plots over 150 sq mts with Annual letting value of more than Rs 1500.

It is proposed to tax @3% on plot size of 201- 300 sq mts and @5% on plot size 301- 500 sq mts and @10% on plots above 500 sq mts.

Leave a Comment

Your email address will not be published. Required fields are marked *