My father was purchased a plot 12 years back in a village of Andhra Pradesh, but there is no construction took place till date. 5 years back we built boundary wall of 2 feet for security purpose in order to avoid any illegal occupy. My query is we did not paid any tax or any other till now, because of no construction. But we came to know that we should have to pay the tax every year on the plot. Is it true , if so, what should we do, please suggest.
Thank you
1 Answer from Attorneys
You heard it right as you are supposed to pay taxes.But you haven't mentioned nothing about the land whether it is agricultural or residential plot.However you have to pay taxes of revenue in MRO,office if its an agricultural land or municipal taxes in municipality if its a residential plot.
Related Questions & Answers
-
How to catch doctoring in wealth tax? if any person conceals his actual value of... Asked 7/23/12, 5:14 am in India Tax and Taxation Law
-
From July 2012, Advocates are coming under the Service Tax. What is the limit/slab... Asked 7/21/12, 12:14 am in India Tax and Taxation Law
-
In FY - 2008-09, I had filed ITR on the basis of Form-16 that I had received from my... Asked 7/03/12, 3:59 am in India Tax and Taxation Law
-
My father had three Shops in different locations of Ankleshwar City. He had obtained... Asked 7/01/12, 6:25 pm in India Tax and Taxation Law
-
What are the condition under which assets through transfer are to be included in the... Asked 6/11/12, 12:32 am in India Tax and Taxation Law
Looking for something else?
10,200 active attorneys ready to answer your legal questions today.
Featured Attorneys
Earn additional revenue and grow your business.
