DIFFERENT TYPES OF OUTGOINGS REQUIRED TO MAINTAIN THE REVENUE OF THE BUILDING
Outgoings.- Outgoings or the expenses which are required to be incurred to maintain the revenue of the building. The various types of outgoing are as follows:-
- – These include Municipal Tax, Property Tax, Wealth Tax, etc., which are to be paid by the owner of the property annually. These taxes are fixed on the basis of the ‘Annual Rental value’ of the property after deduction for annual repairs, etc.
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