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 Batra 5.2k320

link

Know someone who can answer? Share a link to this question via Email, Twitter, or Facebook

Your answer
toggle preview

Follow this question

Once you sign in you will be able to subscribe for any updates here

Markdown Basics

  • *italic* or __italic__
  • **bold** or __bold__
  • link:[text](http://url.com/ "title")
  • image?![alt text](/path/img.jpg "title")
  • numbered list: 1. Foo 2. Bar
  • to add a line break simply add two spaces to where you would like the new line to be.
  • basic HTML tags are also supported

Tags:

×56
×1
×1
×1

Asked: Aug 14 '11 at 12:16

Seen: 1,379 times

Last updated: Aug 15 '11 at 21:02