Tax on plot

I own a piece of land 500 square yards. Do i need to pay any tax on that land to the local authorities? I dont have any construction there.Its just lying vacant. Bought from a property dealer.

asked Aug 14 '11 at 12:16 by Shakes 16123

There should not be any income tax/property tax on vacant land.

But these local taxes policies differ from state to state. I would request you to confirm same from your local state housing board and municipal corporation.

answered Aug 15 '11 at 21:02 by pankaj 5.2k320


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Asked: Aug 14 '11 at 12:16

Seen: 1,251 times

Last updated: Aug 15 '11 at 21:02