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Wed 24 Feb, 2016 06:09 am
For income tax reasons in India, property is measured as a cause of income & hence, tax is levied on that. Properties regularly take in building, horizontal, superstore, etc. as fine as the land appurtenant to the construction.
@sikha967452,
A quick google search has produced this.....
http://business.mapsofindia.com/india-tax/property.html
and this........
http://www.hindustantimes.com/chandigarh/govt-reveals-property-tax-formula/story-uunbVbQUMoU9oxepK8p9XP.html
I would suggest that you double check the details on that site with your local government/tax office, just to make sure that you are calculating the tax rate correctly.
Good luck.
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