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What is the information required to be given by the municipalities to facilitate taxpayers to submit the statement?

April 26, 2017facilitate given municipalities submit taxpayers

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What is the information required to be given by the municipalities to facilitate taxpayers to submit the statement?

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The guidelines published by the municipalities under Sub Section 9 of Section 105 shall contain the following details. 1. Approximate market price per square foot in every street or area as announced under Section 45B of the Karnataka Stamps Act. 2. Approximate cost of construction of each square foot of every type of building. 3. Rate of depreciation. 4. Rate of tax fixed by the municipality. 5. Names of the banks receiving the payment.