Maharashtra: Bill waiving property tax of 500 sq ft houses cleared

Maharashtra: Bill waiving property tax of 500 sq ft houses cleared

Maharashtra, Maharashtra news, Maharashtra tax bill, Maharashtra property tax bill, Maharashtra Legislative Council passes property tax bill,  property tax waive, residential houses tax waive, residential houses tax waive in maharashtra, Indian Express news

CM Devendra Fadnavis said the exemption would benefit 30 lakh Mumbaikars and 18 lakh residential properties. (Representative Image)

The Maharashtra Legislative Council on Monday cleared the Bill to exempt property tax of residential houses measuring up to 500 sq ft in Mumbai.

In March this year, the state government, in the run-up to the Lok Sabha polls, in an attempt to woo the middle class had decided to waive the property tax for residential houses measuring up to 500 sq ft. The proposal of property tax waiver was first announced by Shiv Sena president Uddhav Thackeray during the Mumbai civic body polls in 2017.

CM Devendra Fadnavis said the exemption would benefit 30 lakh Mumbaikars and 18 lakh residential properties.

[“source=indianexpress”]