CURRENT AFFAIRS

2023

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
Which state government introduced a vacant land tax for asset registration?
A
Maharashtra
B
Mizoram
C
Meghalaya
D
Manipur
Explanation: 

Detailed explanation-1: -Which state/UT introduced the ‘Vacant land tax’ for assets registration? Notes: Maharashtra government introduces vacant land tax for assets registration, in a bid to combat irregularities in the registration of properties.

Detailed explanation-2: -VACANT LAND TAX PROCEDURE: Registered Documents of the open plot should be obtained from the property owners / Registration Office and impose the Vacant Land Tax as per Act 0.5% on capital value of the land, duly obtaining the relevant documents.

Detailed explanation-3: -The property includes all tangible real estate property, his house, office building and the property he has rented to others. Central government properties and vacant property are generally exempt. Property tax comprises taxes like lighting tax, water tax and drainage tax.

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