Mumbai: Maharashtra Chief Minister And Deputy Chief Minister To Hold Meeting Next Week For Income Tax Relief

Mumbai, 8th March 2023: Maharashtra Chief Minister Eknath Shinde and Deputy Chief Minister and Revenue Minister Devendra Fadnavis assured the BJP delegation to hold a meeting next week to discuss the cancellation of 40 per cent income tax exemption from Pune Municipal Corporation (PMC). The NCP MLAs drew the government’s attention by protesting on the steps of the Legislature to demand that this concession be re-implemented.

Under the leadership of Pune Guardian Minister Chandrakant Patil, MLAs Madhuri Misal, Bhimrao Tapkir, Siddharth Shirole, former Mayor Muralidhar Mohol met the Chief Minister and Deputy Chief Minister today and stated in this regard. This assurance was given while discussing with this delegation.

Major demands were made that a 40% income tax exemption should not be taken from self-occupied residential income from 1st August 2019, and the difference amount from 15% to 10% of maintenance cost should not be recovered from 1st April 2010.

According to Pune Municipal Corporation Resolution No. 5 of 3rd March 1970, when levying income tax, the rent of the premises occupied by the landlord himself was kept at 60 per cent of the reasonable rent, and a 40 per cent discount was given while determining the taxable amount of all incomes, 15 per cent instead of 10 per cent.

However, in the audit of the Municipal Corporation for the year 2010-2020, there was an objection regarding giving a 15 per cent discount instead of 10 per cent, and it was discussed in the meeting of the Public Accounts Committee. According to the order received by the government on 1st August 2019, the government has split the above resolution.

Due to this fragmentation, the tax levy and tax collection office has proposed the work of Pune municipality to cancel the 40 per cent discount for the income holders in the city from 1st August 2019 and send a bill for the difference. It would be unfair to close the discount and recover the difference amount with a retrospective effect.

In this regard, the main meeting of Pune Municipal Corporation has already decided to continue both the above concessions as per Resolution No. 320 dated 28th August 2019. However, this resolution has been suspended by the current government. If the relief is to be realized with a retrospective effect, the burden will fall on the current income holder and the citizens.

Guardian Minister Chandrakantada Patil organized a meeting at the Municipal Commissioner’s office and the Ministry to consider this situation. In this meeting, recovery of percentage difference amounts dt. 31st March 2023, there was a discussion about the postponement. For the final decision, a verbal order was given to the Chief Minister, State of Maharashtra, to hold a meeting with the concerned officials. Through a press note issued by the Additional Municipal Commissioner (Estates), citizens were urged not to take further action till further decisions regarding the different amounts.

A meeting will be held in Mumbai next week to consider maintaining the income tax exemption through the Pune Municipal Corporation. In this meeting, a decision will be taken which will give relief to the people of Pune and in the interest of the citizens.


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