Pln Sarma
in Tax and Accounting Law
Asked March 07, 2018

Can municipalities impose mutation tax, on document value or market value

  • 0 Answers

Whether Municipalities are empowered to Impose Mutation Tax? If so , the Relevant Provisions of Any act with special reference to Andhra Pradesh may be cited. If the Answer is YES , then , what is the basis of imposing such Tax ? Is it on Document Value or Is it on latest Market value ? Whether Levying on Latest Market value ( In case of 40 years old Transaction) is permitted , the Relevant provisions for justification of such a thing when the Government was in receipt of then applicable stamp duty at the time of Registration

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