Charge of luxury tax

Charge of luxury tax.―(1) Notwithstanding anything contained in this Act, there shall be charged a luxury tax of two thousand rupees annually on all residential buildings having a plinth area of 278.7 square metres or more and completed on or after the 1st day of April, 1999.

1. (2) The luxury tax assessed under this Act shall be paid in advance on or before the 31st day of March, every year.