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Is House tax on open plot u/s 63(2) NDMC is effective by law
05-Nov-2023 (In Tax Law)
NDMC AFTER DEMOLITION BILLED US u/s 63(2) at capital value by CIRCLE RATE FOR OPEN PLOT AND NOT UNDER NEW BY-LAWS of NDMC effective from 1-4-2009. What is the remedy.
As per Section 63 (2)- The rateable value of any land, which is not built upon, but is capable of being built upon and of any land on which a building is in process of erection shall be fixed at five percent of estimated capital value of such land.
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Adv. Atul Kumar
Delhi | 25+ Answers
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