Easy Office
LCI Learning

CAN NAV BE NIL (IHP)

This query is : Resolved 
Profile Image

Guest

Profile Image

Guest (Querist)
17 June 2009 HOW NAV CAN BE NIL?

CASE 1: IF MUNICIPAL VALUE IS NOT GAV: MUNICIPAL TAX IS CERTAIN % OF MUNICIPAL VALUE SINCE,GAV WILL BE HIGHER THAN MUNICIPAL VALUE SO MUNICIPAL TAX WILL ALSO BE LESS THAN GAV SO HOW IT COULD BE POSSIBLE ???

CASE 2: IF MUNICIPAL VALUE IS GAV: THEN ALSO MUNICIPAL VALUE WILL BE CERTAIN % OF MUNICIPAL VALUE SO AGAIN NAV WILL BE POSITIVE???

JUST TELL ME WHETHER I AM RIGHT OR WRONG THAT MUNICIPAL TAX IS % OF MUNICIPAL VALUE I DON'T THING SO MUNICIPAL VALUE WILL BE MORE THAN 100% OF MUNICIPAL VALUE.
Profile Image

CA.Hanumantha Reddy

Profile Image

CA.Hanumantha Reddy (Expert)
18 June 2009 I think Municipal taxes are caluclated based on the area plus the %defined in that sate. It nowhere link ot HP in Income Tax law
Profile Image

Guest

Profile Image

Guest (Querist)
01 November 2009 I GOT MY ANS. IT IS POSIBLE BECOZ MUNICIPAL TAX IS ALLOWED ON PAIDBASES.
Upgrade to CAclubindia Pro. Subscribe Now!


You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

CAclubindia's WhatsApp Groups Link


Similar Resolved Queries


loading


Unanswered Queries



Live Budget News and Updates

Trending Online Classes

view all classess
Let's Talk Money: You've Worked Hard for It, Now Make It Work for You
Click here for more bestsellers


Answer Query



Quick Links