Property Tax @ 5 – 6 % imposed in Jammu Kashmir, Effective from April 01, 2023
Jammu Kashmir Administration today gave yet another shock to the people as it has issued an order imposing Property Tax on all properties - residential or non-residential at rates of 5 % and 6 % respectively annually of Taxable Annual Value (TAV) effective from Ist April 2023. A notification issued today (21.02.2023) as an SO