Tax Glossary Definition
An Occupancy Certificate (OC) is an official approval given by the local municipal authority to confirm that a building has been constructed as per the approved plans and meets all safety and regulatory standards. It legally certifies that the property is safe and fit for people to live in or use for business. Without an OC, occupying the building may be considered illegal, and utilities like water, electricity, or gas may not be provided.
Example: When a new apartment building in Mumbai is completed and successfully passes inspections for fire safety, structural strength, sanitation, and basic utilities, the authorities issue an Occupancy Certificate, allowing residents to legally move in.
Discover why we're one of India's most trusted Pro Tax Filers, built on a foundation of accuracy and reliability.
We ensure maximum tax benefits.
Taxes? Handled by our CAs and experts.
Reliable, year-round tax support at no cost.
Satisfaction or your money back came twice.
Mobile App Available on: