Tax notification correction clarifies serial references and defines Residential Real Estate Project and floor space index. Corrigendum to Notification No. 7/2019-State Tax (Rate) corrects the wording 'serial No. (3)' to 'serial number 3 in the Table' for Sl. Nos. 1 and 2, and replaces Explanation serial no. (iv) to define Residential Real Estate Project (RREP) as a project where commercial apartment carpet area does not exceed fifteen percent of total apartment carpet area, and to define Floor Space Index (FSI) as the ratio of a building's total floor area to the size of the land.
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Tax notification correction clarifies serial references and defines Residential Real Estate Project and floor space index.
Corrigendum to Notification No. 7/2019-State Tax (Rate) corrects the wording "serial No. (3)" to "serial number 3 in the Table" for Sl. Nos. 1 and 2, and replaces Explanation serial no. (iv) to define Residential Real Estate Project (RREP) as a project where commercial apartment carpet area does not exceed fifteen percent of total apartment carpet area, and to define Floor Space Index (FSI) as the ratio of a building's total floor area to the size of the land.
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