Property Tax

Q: Hi All,
Does anyone know about property tax? When and how to pay it? Please share if you have information.

Thanks!
Regards,
Rohan (On behalf of Nitin)

Rohan , Apartment Resident

29th June 2011

The Parkland, Balewadi, Pune

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Pune Balewadi The Parkland

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Dear Sir, I already own a residential flat which is at the moment unoccupied and is free from any loan legal responsibility. Now I wish to purchase another residential property under bank home loan scheme. Please let me understand what tax benefits am I able to avail on the EMI for the 2nd property?

Rohit Marathi, Pune

18th December 2015

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You will be entitled to avail tax benefit on the principal amount and interest amount of the mortgage under secton 80C and 24(B). Your additional property, under income tax rules shall be considered as deemed to be let out. Wealth tax might be applicable if the property value is above Rs, 1crore

Abhijit Pawar, Pune

18th December 2015

A property tax is an tax levy on the value of property that the owner of the property is required to pay to a government in which the property is situated. If you are looking for a property You can post your requirement at http://www.commonfloor.com/post-public-property-requirement to get matching properties details on your Email and Mobile.

Ruchi Mishra, Noida

17th September 2011

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