Vidhi Codex

The Gujarat Finance Act, 1932

The Gujarat Finance Act, 1932

Tax193221 sections3 chapters

This law establishes a tax on buildings and land in specific urban areas of the former Bombay state, including cities like Ahmedabad and Poona. It allows the state government to collect revenue by levying a tax based on the annual value of the property, with rates capped at seven percent. The legislation provides rules for calculating this value and exempts certain properties used for public worship or charitable purposes, ensuring that property owners in these designated municipalities contribute to state funds for local development and administration.

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Part I PRELIMINARY.

  1. 1Short title
  2. 2Extent and commencement and duration
  3. 2ASavings

Part VI URBAN IMMOVEABLE PROPERTY TAX.

  1. 20Extent of Part VI
  2. 21Definitions
  3. 22Levy of Urban Immovable Property tax
  4. 23Exemption of certain buildings and lands from the levy of Urban Immovable Property tax.
  5. 24Authorities competent to levy and collect Urban Immovable Property tax and the manner of such levy and collection.
  6. 24BThe Urban Immovable Property tax to be a first charge on premises on which it is leviable.
  7. 24AACollection of the Urban Immovable Property tax and recovery of the penalty to be made by the appropriate municipal authority.
  8. 25Municipality entitled to rebate for cost of collection.
  9. 26Primary responsibility for the Urban Immovable Property tax.
  10. 26AApportionment of responsibility for Urban Immovaeble Property tax when premises are let and rateable value exceeds the amount of rent.
  11. 27Remission and refund.
  12. 28Default of municipality
  13. 28AApplication of Part VI to certain areas subject to certain modifications
  14. 29Rules

Part VIII OTHER TAXES.

  1. 41Amendment of Bom. I of 1923.
  2. 42Amendment of Bom. VI of 1925.

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