Business Line 10.03.2011
Maharashtra extends deadline for property tax based on capital value
Property owners in cities such as Mumbai, Pune, and
Aurangabad in Maharashtra will have to pay property tax based on capital
value, only from April 1, 2012.
“All major municipal corporations have informed the
State government that the process of migrating from Ready Reckoner based
valuation of property to capital value has been delayed. These
corporations are unable to meet the earlier deadline of April 1, 2011.
Therefore, the one-year extension has been given,” said the Chief
Minister, Mr Prithviraj Chavan.
Briefing the media after the weekly Cabinet meeting on
Wednesday, Mr Chavan said the audit of valuation of properties in the
cities would be carried out by Property Tax Board under the chairmanship
of a retired Supreme Court or High Court judge.
The Board will identify anomalies in the property tax
structure and suggest changes. It will also look at deliberate mistakes
done by municipal authorities in computing the taxes.
Women’s quota
The Cabinet approved a proposal for 50 per cent
reservation for women in local self-government bodies in the State. Once
the law gets enacted, half the seats in the municipalities and zilla
parishads will have to be reserved for women.
The State Government will introduce a Bill in the
forthcoming budget session of the Assembly, giving 50 per cent
reservation to women in local government bodies, Mr Chavan said. Mr
Chavan said the Cabinet also decided to give transport subsidy to those
cooperatives sugar factories in the State which will continue to process
excess sugarcane after March 16.
