Page 122 - Vol...2

ctV 2019-20 BUDGET 2019-20

fooj.k XIII ST-XIII
SCHEDULE OF RATES OF TAXES/ ELECTRICITY & WATER TARIFF/ USER CHARGES
ETC.

TAX DEPARTMENT

A. Property Tax:-

Lands and Buildings or part thereof Rate of Tax
Where the rateable value does not exceed `10
1 20% of the rateable value.
lacs.
Where the rateable value exceeds ` 10 lacs but ` 2,00,000/- plus 25% of the amount by
2
does not exceed ` 20 lacs. which the rateable value exceeds ` 10 lacs.

` 4,50,000/- plus 30% of the amount by
3 Where the rateable value exceeds ` 20 lacs.
which the rateable value exceeds ` 20 lacs.

B. Tax on Vehicles and animals:
As per Schedule-II of the NDMC Act at NIL rate.

C. Theatre Tax:
As per Schedule-III of the NDMC Act at NIL rate.

D. Tax on advertisements other than advertisements published in the Newspapers:
As per Schedule-IV of the NDMC Act at Maximum rate.

E. Duty on transfer of property:
Duty on transfer of property on the instruments specified in Sec. 93(2)(b) and on instruments
presented for mutation under Sec. 74, at the following rate:
(a) 2% in case the transferee is a woman to the extent of her share in the property,
(b) 3% in case the transferees are persons other than women.
F. Tax on building payable along with the application for sanction of the building plan:
As per Schedule-V of the NDMC Act.

i`"B 663 Page 663

ctV 2019-20 BUDGET 2019-20
fooj.k XIII ST-XIII
SCHEDULE OF RATES OF TAXES/ ELECTRICITY & WATER TARIFF/ USER CHARGES
ETC.

TAX DEPARTMENT

A. Property Tax:-
Lands and Buildings or part thereof Rate of Tax
Where the rateable value does not exceed `10
1 20% of the rateable value.
lacs.
Where the rateable value exceeds ` 10 lacs but ` 2,00,000/- plus 25% of the amount by
2
does not exceed ` 20 lacs. which the rateable value exceeds ` 10 lacs.
` 4,50,000/- plus 30% of the amount by
3 Where the rateable value exceeds ` 20 lacs.
which the rateable value exceeds ` 20 lacs.

B. Tax on Vehicles and animals:
As per Schedule-II of the NDMC Act at NIL rate.

C. Theatre Tax:
As per Schedule-III of the NDMC Act at NIL rate.
D. Tax on advertisements other than advertisements published in the Newspapers:
As per Schedule-IV of the NDMC Act at Maximum rate.

E. Duty on transfer of property:
Duty on transfer of property on the instruments specified in Sec. 93(2)(b) and on instruments
presented for mutation under Sec. 74, at the following rate:
(a) 2% in case the transferee is a woman to the extent of her share in the property,
(b) 3% in case the transferees are persons other than women.

F. Tax on building payable along with the application for sanction of the building plan:
As per Schedule-V of the NDMC Act.

i`"B 663 Page 663