House property income
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2012
hi, one of my clients has a second home in pune which is not let out. how do i ascertain the municipal valuation to determine gross annual value?
26 July 2012
Municipal value is to be determined by Local Authority. Its same for the purpose of Municipal tax....
Querist : Anonymous
Querist :
Anonymous
(Querist)
26 July 2012
Thank you for the reply - The municipal taxes for FY 11-12 are Rs. 5037, whereas the municipal bill shows the annual rateable value at Rs. 5890 - would this imply that the taxes are about 100% of the annual rateable value and would the ARV be the municipal valuation?
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