After the municipalities passed the resolution of levying 0.3% tax on the vacant land the recovery was withheld. What to do now?
On 16-6-2003 an Ordinance was promulgated reducing the tax rate for vacant land. The reduced tax rate for vacant land came into effect retrospectively i.e., from 19-11-2001. Hence the tax to be given for the vacant land is 0.1%. (Rs. 100 per lakh) for the first 10760 sq.ft of vacant land, in the next slab vacant land upto 43040 sq.ft the rate is Rs.25/- for each lakhs and for next slab of vacant land above 43040 sq.ft the rate is Rs.10/- for each lakhs.
