Have you thought about the fact that Owners of Apartments or Villas in a Gated Community get subjected to Double Taxation?
Here is how:
Apartment Owners being Property Owners have to pay Property Tax to the local governing Body. This revenue is used by the local governing body to maintain roads, provide street lights, waste disposal etc. However, since Gated Communities are not maintained by the local governing body, but by the common funds collected by the Society, Apartment Owners don’t reap the benefits from the Property Tax that is paid.
Moreover, in some cases, the Society Accounting requires maintenance by the Society to attract Service Tax, making the Apartment Owner pay Tax twice to the Govt. for a single service that he receives.
What is your take on this?
