(1) SubJect to the other proviswns contained 10 this Act, there shall be charged a tax ~ (hereinafter referred to as "build10g tax") at the rate specified in the Schedule in respect of every bwldmg the constructiOn of which is completed on or after the lsi day of April, 1973, and the cap1tal value of which exceeds twenty thousand rupees.
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(2) Every major repair of, or improvement to, a building constructed before the 1st day of Apr1l, 1973, made on or after that date shall be hable to the bUildmg tax at the rate referred to in sub-sectiOn (1) on the difference between the capital value of the bmlding before effectmg the major repair or improvement, as the case may be, and the capital value of the building after effecting the major repair or improvement
(3) A building the construction of which is completed on or after the 1st day of April, 1973, and which is not liable to be taxed under the provisions of this Act on account of its having a capital value of not more than twenty thousand rupees, shall become liable to be so taxed if the capital value of the buildmg subsequently increases to more than twenty thousand rupees by new constructions or additions or combina tiOns or as a result of repairs or improvements to the building.
(4) Where the capital value of a bUilding which has already been taxed under this Act IS subsequently increased by more than ten thousand rupees by new constructiOns or addi tions or combinations or as a result of repairs or improvements, building tax shall be computed on the cap1tal value of the building includmg that of the new constructions or additions or combinations or, as the case may be, of the building as so repaired or improved, and credit shall be given to the tax already levied.
(5) Where there are out-houses, garages or other structures appurtenant to the main building, the capital value of such structures shall be determmed in the manner specified in sectiOn 6 and the capital value so obtained shall be added on to the capital value of the mam building
(6) The building tax shall be payable by the owner of the building
Explanation 1.-For the purposes of this Act, the construc tion of a buildmg shall be deemed to have been completed when it is ready for occupation or has been actually occupied, whichever is earlier
Explanation 2.-For the purposes of assessment under sub-section (3) or sub-section (4). capital value of a building shall be the capital value on the date of completion of the new constructions or additions or combinations or, as the case may be. on the date of completion of the repairs or improvements.
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