House Property
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
20 June 2011
Can Net Annual Value be negative due to excess payment of Municipal Tax?
20 June 2011
It can be negative as Municipal Taxes are allowable on payment basis only.
So, in a case where Gross Annual Value is less than the Municipal Taxes, NAV will be
negative in such a case.
So, in a case where Gross Annual Value is less than the Municipal Taxes, NAV will be
negative in such a case.
20 June 2011
Iam agree with Mr. Paras
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