Multiple choice

Which tax is not imposed on transferring ownership of property in India?

  1. Transfer Tax

  2. Stamp Duty

  3. Registration Fees

  4. Municipal Tax
Reveal answer Fill a bubble to check yourself
D Correct answer
Explanation

This tax is not to be paid on transferring ownership of property. This tax is not to be paid on transferring ownership of property. But municipal tax is levied by the municipal corporate body of the city on the property owned by a person. It is not concerned with transferring ownership of property.

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