Dear Friends,
I want a clarification from my Learned friends regarding Property Tax. The Thing is, our Industry was sold to us by M/s Karnataka Industries Development Board on the basis of Lease cum sale deed and after 10 years ithe ownership was trasferred in the name of the Company. During the lease cum sale period we have been paying them annual rent & Maintenance charges. Now thw question is whether we have to pay the property tax during the lease cum sale period also or only after the ownership was transferred to us? Please clarify.
Regards
Sharath
