Pune: The Pune Municipal Company (PMC) administration has requested the state authorities to not levy 40% property tax exemption for self-occupied homes since 1970.
Because the Panshet floods since 1970, PMC has been giving exemptions to taxpayers in the event that they reside in their very own houses. Equally, the proprietor was unable to cross on advantages to the tenant.
Later, the state authorities revoked the exemption and directed the PMC to get well the exemption granted to residential properties from the house owners with retrospective impact.
A civic official, who didn’t want to be named, stated, “The PMC had positioned the proposal earlier than the final physique to take a name on the route of the state authorities and implement extra wealth tax. Nevertheless, the elected members didn’t take any resolution and the Home was dissolved. Therefore, the administration might want to take a choice as the brand new monetary 12 months will get underway. ,
An official of the property tax division stated that the instructions of the state and the courtroom must be adopted.
In the meantime, a civic official stated that the PMC has written to the state authorities requesting it to not get well the concessional dues, however implement it from this 12 months. Tax invoice is being levied on newly added properties with none concession.
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