CA NeWs Beta*: Residential properties upto 500sqft exempted from property tax by Maharashtra govt

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Sunday, March 10, 2019

Residential properties upto 500sqft exempted from property tax by Maharashtra govt

The Maharashtra cabinet Friday approved a proposal to exempt residential properties up to 500 sqft from property tax.
The Maharashtra cabinet Friday approved a proposal to exempt residential
properties up to 500 sqft from property tax. The decision was taken at the cabinet meeting held in Mumbai. The proposal had been put forward by the Shiv Sena before the pre-poll alliance with the BJP was finalised. Chief Minister Devendra Fadnavis had announced that the demand would be accepted.
In another decision, the cabinet also extended the deadline for subsidy on onion sold till February 28. Earlier, it was extended till January 25. In December last year, the state government had announced Rs 150 crore financial assistance to onion growers. It was in the form of subsidy on the onions sold from November 1 to December 15 last year, due to the drop in onion prices.
The financial relief consisted of ex-gratia payment at the rate of Rs 200 per quintal (with an upper limit of 200 quintal per farmer) for the produce sold between November 1 and December 15, 2018. Talking to reporters about it, Water Resources Minister Girish Mahajan said, the deadline has been extended twice from the earlier December 31, 2018. "The government will bear the burden of Rs 140 crore and the decision will benefit 1.4 lakh onion growers," he added.

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