Greetings to the forum.
I have a personal property registered in my fathers name and i am the legal heir.
We let out the premises G+3 on basis of nominal rent(mandatory for obtaining
permissions frm govt)for running a small school.Only G+1 floors are used for that purpose and the 2,3 floors are dumped with unused furniture and other building garbage.The municipality (GHMC ACT)charged exorbitant charges (1.6L pa)stating it as commercial property though used for non profitable purpose.
further i am incurring loss upto a tune of 1L per month as we are bound by moral responsibility to run the school on one of our deceased family member.
Need advice on the following issues:
1. is there any recourse for claiming paid taxes for past 6 years.
2. though application was made for revision of tax and it was not honoured.
3. GHMC ACT clearly exempts properties used for charitable and no- profits be given 100% exemption.
4. What are the legal docyuments necessary to claim exemption.
What are the relaxations i can claim from the AP GOVERNMENT.
Hi! Thanks for the question!
To get the taxes paid in the last 6 years would not be an option as you should have objected before the taxes' cheques were issued.
If your school is duly registered with the concerned authorities as a charitable issue, you may move an application duly supported with the Registration certificate, PAN Card, ITR and whatever is demanded from the office, before the tax collecting authority. You have to establish that your Sanstha is a non-profit organization.
If you get entangled for the nominal rent that you are talking about, the returns would be difficult.
Regards!
