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Cuttack Municipal Corporation Application For Holding Tax

Name of the Organization : Cuttack Municipal Corporation
Type of Facility : Apply For Holding Number & Pay Holding Tax
Location : Cuttack

Website : http://cmccuttack.gov.in/

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Pay Holding Tax :
Holding Tax has got the nomenclature of Property Tax in the Orissa Municipal Corporation Act, 2003. But since Rules and by-laws regulating the property Tax is in the pipeline, for the time being as per Orissa Municipal Act, 1950 Holding Tax is being collected.
Any holding within CMC limits having clear right, title, interest of the holder is liable to pay Holding Tax AT of 20.5% of the annual rental value of the holding depending on the nature of holding, i.e. either residential or commercial.

Apply For Holding Number :
Following documents are required to apply for Holding Number
1. Prescribed form for Assessment
2. ROR of the land
3. CDA approved plan

Calculating Holding Tax of a Building :
A) Categories of buildings and rates of annual rental value :
Residential Buildings – Rs 2.00 per sqft.
Small Shops – Rs 5.00 per sqft.
Kalyan Mandap, Gold Shop, Nursing Home, Hotel & Lodging etc. – Rs 7.00 per sqft.
Bank, Insurance, Companies & Show Rooms – Rs 10.00 per sqft.

B) Method of calculation of Hoding Tax :
Annual Rental Value = Annual Rental Value per sqft. X Total build up area (in sqft.)
Annual Tax = 20.5% of Annual Rental Value

Download Form Here :https://www.indianjobtalks.in/uploads…olding_tax.pdf

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