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Houses up to 500 sq ft in Pune to not get full property tax waiver
Pune: : The state government has decided to not give a total waiver in property tax on the lines of exemptions given in Mumbai and owners of houses under 500sqft areas in the Pune Municipal Corporation (PMC) limits will have to continue paying their property tax as is.
The announcement was made in the monsoon session of the state assembly on Thursday. “The state has already given a 40% tax discount to property owners in PMC. Complete waivers in tax for a segment will cause a huge loss of revenue to the civic administration,” said Uday Samant, cabinet minister, while replying to questions raised by an MLA.
The state assembly in both houses gave a final nod to a 40% tax discount for self-occupied properties on Thursday. Additionally, the issue of providing exemptions to smaller houses was discussed again, but found no favour. Read more...
The announcement was made in the monsoon session of the state assembly on Thursday. “The state has already given a 40% tax discount to property owners in PMC. Complete waivers in tax for a segment will cause a huge loss of revenue to the civic administration,” said Uday Samant, cabinet minister, while replying to questions raised by an MLA.
The state assembly in both houses gave a final nod to a 40% tax discount for self-occupied properties on Thursday. Additionally, the issue of providing exemptions to smaller houses was discussed again, but found no favour. Read more...