logo
Housing societies in dilemma over NA tax in absence of govt resolution

Housing societies in dilemma over NA tax in absence of govt resolution

Time of India19-07-2025
1
2
3
4
5
6
Pune: Nearly ten months after the state cabinet announced abolition of non-agricultural (NA) tax for urban housing societies, confusion prevails over it due to absence of a formal govt resolution (GR) in this regard.
The managements of housing societies across the state said they are not sure whether they should continue paying the tax till official guidelines are issued in this regard.
The state cabinet, under Eknath Shinde-led govt, had approved scrapping of the NA tax in October 2024, ahead of the state assembly elections. The move was aimed at providing relief to societies in urban areas like Pune and Mumbai, where residents have been paying both property tax and NA tax.
Housing societies have now approached the state government to issue a formal GR in this respect.
You Can Also Check:
Pune AQI
|
Weather in Pune
|
Bank Holidays in Pune
|
Public Holidays in Pune
"We have informed the housing societies that the NA tax has been scrapped. However, many have received payment notices post-October. There is widespread confusion on the issue. We urge the govt to issue a GR in this regard immediately," said Suhas Patwardhan, chairperson, Maharashtra State Housing Federation.
The NA tax, which dates back to the British era, is levied on properties situated on agricultural land within the municipal corporation or council limits, excluding those located in designated gaothan areas.
by Taboola
by Taboola
Sponsored Links
Sponsored Links
Promoted Links
Promoted Links
You May Like
Is it legal? How to get Internet without paying a subscription?
Techno Mag
Learn More
Undo
The abolition was a long-standing demand of housing society federations.
Despite the cabinet decision, lack of an official GR has left societies in a dilemma. Some have stopped paying tax based on the cabinet announcement, while others continue to pay to avoid potential penalties.
Senior revenue department officials acknowledged the delay, attributing it to the timing of the assembly elections. "The law and judiciary department deferred the issue of GR last year, citing code of conduct during elections.
Later, it was left to the new govt to issue the GR," a revenue department official told TOI.
A senior official confirmed on Saturday that the GR is likely to be taken up in the next cabinet meeting and could be notified before August 15.
"We understand the practical difficulties societies are facing. Clear directives will be issued through the GR shortly, which would give clarity to those who have paid NA tax and those who have not," the official added.
In the meantime, housing societies remain divided in their approach. "We are aware that the tax has been scrapped, but without an official GR, we are hesitant to stop payment," said a senior committee member of a housing society in Kondhwa.
"We have not received any directive from the state govt. Until the GR is issued, we cannot provide clear instructions to officials or societies," said a senior district administration official.
The housing federation said that the issue affects thousands of housing societies and called on the govt to issue a resolution in this regard without any further delay. "This is a critical issue for middle-class homeowners. The longer the delay, the more confusion it will create. The govt must act swiftly," said Patwardhan.
Pune: Nearly ten months after the state cabinet announced abolition of non-agricultural (NA) tax for urban housing societies, confusion prevails over it due to absence of a formal govt resolution (GR) in this regard.
The managements of housing societies across the state said they are not sure whether they should continue paying the tax till official guidelines are issued in this regard.
The state cabinet, under Eknath Shinde-led govt, had approved scrapping of the NA tax in October 2024, ahead of the state assembly elections. The move was aimed at providing relief to societies in urban areas like Pune and Mumbai, where residents have been paying both property tax and NA tax.
Housing societies have now approached the state government to issue a formal GR in this respect.
"We have informed the housing societies that the NA tax has been scrapped. However, many have received payment notices post-October. There is widespread confusion on the issue. We urge the govt to issue a GR in this regard immediately," said Suhas Patwardhan, chairperson, Maharashtra State Housing Federation.
The NA tax, which dates back to the British era, is levied on properties situated on agricultural land within the municipal corporation or council limits, excluding those located in designated gaothan areas.
The abolition was a long-standing demand of housing society federations.
Despite the cabinet decision, lack of an official GR has left societies in a dilemma. Some have stopped paying tax based on the cabinet announcement, while others continue to pay to avoid potential penalties.
Senior revenue department officials acknowledged the delay, attributing it to the timing of the assembly elections. "The law and judiciary department deferred the issue of GR last year, citing code of conduct during elections.
Later, it was left to the new govt to issue the GR," a revenue department official told TOI.
A senior official confirmed on Saturday that the GR is likely to be taken up in the next cabinet meeting and could be notified before August 15.
"We understand the practical difficulties societies are facing. Clear directives will be issued through the GR shortly, which would give clarity to those who have paid NA tax and those who have not," the official added.
In the meantime, housing societies remain divided in their approach. "We are aware that the tax has been scrapped, but without an official GR, we are hesitant to stop payment," said a senior committee member of a housing society in Kondhwa.
"We have not received any directive from the state govt. Until the GR is issued, we cannot provide clear instructions to officials or societies," said a senior district administration official.
The housing federation said that the issue affects thousands of housing societies and called on the govt to issue a resolution in this regard without any further delay. "This is a critical issue for middle-class homeowners. The longer the delay, the more confusion it will create. The govt must act swiftly," said Patwardhan.
Orange background

Try Our AI Features

Explore what Daily8 AI can do for you:

Comments

No comments yet...

Related Articles

Mike Johnson calls for 'great pause' on a Ghislaine Maxwell pardon, pushes for life sentence instead
Mike Johnson calls for 'great pause' on a Ghislaine Maxwell pardon, pushes for life sentence instead

First Post

time21 minutes ago

  • First Post

Mike Johnson calls for 'great pause' on a Ghislaine Maxwell pardon, pushes for life sentence instead

US Speaker of the House Mike Johnson disagreed with Republicans who are floating the idea of granting a pardon or commutation to Ghislaine Maxwell as the Epstein scandal continues to rock the White House. read more US Speaker of the House Mike Johnson disagreed with Republicans who are floating the idea of granting a pardon or commutation to Ghislaine Maxwell as the Epstein scandal continues to rock the White House. While speaking to NBC News, Johnson said that he would have a 'great pause' about taking such measures. The remarks from the Republican speaker are coming at a time when many of the House representatives from his party suggested that the option to pardon Maxwell should be considered as part of an effort to obtain more information about Jeffrey Epstein's crimes. For weeks, US President Donald Trump and his allies, including Johnson himself, have been under immense pressure to disclose more information about Epstein. STORY CONTINUES BELOW THIS AD Johnson's take on the matter came after Todd Blanche, the deputy attorney general, met with Maxwell, who is serving a 20-year prison sentence for sex trafficking, over two days last week. The former British socialite was Epstein's close confidante for years and his partner-in-crime, literally. The case became more complicated after Epstein killed himself in jail in 2019. I think she should have a life sentence: Johnson While speaking to NBC News on the matter, the House Speaker pushed for a life sentence for Maxwell instead. 'If you're asking my opinion, I think 20 years was a pittance. I think she should have a life sentence at least. I mean, think of all these unspeakable crimes,' he said. 'It's hard to put into words how evil this was, and that she orchestrated it and was a big part of it, at least under the criminal sanction, I think, is an unforgivable thing. So again, not my decision, but I have great pause about that, as any reasonable person would,' he added. When pressed further about whether he would favour a pardon, Johnson deferred to Trump. 'Obviously, that's a decision of the president. He said he had not adequately considered that. I won't get it in front of him. That's not my lane,' he said. It is pertinent to note that House Representative Thomas Massie, a Kentucky Republican who has been pushing for disclosure of more Epstein information, said a pardon should be on the table for Maxwell. 'That would be up to the president. But if she has information that could help us, then I think she should testify. Let's get that out there. And whatever they need to do to compel that testimony, as long as it's truthful, I would be in favour of,' he told Welker on Meet the Press. STORY CONTINUES BELOW THIS AD California Democrat Ro Khanna, who has joined Massie's effort to release more information, said he did not support a pardon for Maxwell, who was charged with perjury in connection with a civil deposition in 2016. However, prosecutors did not move forward with those charges once they obtained her sex-trafficking conviction. 'I'm concerned that the deputy attorney general, Todd Blanche, is meeting with her supposedly one-on-one. Look, I agree with Congressman Massie that she should testify. But she's been indicted twice on perjury. This is why we need the files. This is why we need independent evidence,' Khanna told NBC News. Hence, it will be interesting to see how the Trump team would approach the matter.

Raising FDI limit in insurance aimed at unlocking full potential of sector: FM Sitharaman
Raising FDI limit in insurance aimed at unlocking full potential of sector: FM Sitharaman

Time of India

time23 minutes ago

  • Time of India

Raising FDI limit in insurance aimed at unlocking full potential of sector: FM Sitharaman

Raising the FDI limit in insurance to 100 per cent will help the sector achieve its full potential by growing at 7.1 per cent per annum over the next 5 years, outpacing the global growth, Finance Minister Nirmala Sitharaman informed Parliament on Monday. The finance minister in Union Budget 2025-26 had proposed to raise the limit of foreign investment in insurance sector from the existing 74 per cent to 100 per cent. Explore courses from Top Institutes in Please select course: Select a Course Category Healthcare Project Management MCA MBA Public Policy Data Science Digital Marketing Cybersecurity others CXO Data Science Management Product Management Leadership Design Thinking Others healthcare Data Analytics Finance Artificial Intelligence Operations Management Skills you'll gain: Financial Analysis in Healthcare Financial Management & Investing Strategic Management in Healthcare Process Design & Analysis Duration: 12 Weeks Indian School of Business Certificate Program in Healthcare Management Starts on Jun 13, 2024 Get Details Raising the limit will eliminate the need for foreign investors to find Indian partners for the remaining 26 per cent, easing the process of setting up their operations in India, effectively increasing the number of insurers in the country, she said in a written reply to Lok Sabha. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 2 Insane Cards Now Charging 0% Interest Until Nearly 2027 CompareCredit Undo This will attract stable and sustained foreign investment, increase competition, facilitate technology transfer, and improve insurance penetration in the country, she said. The decision to increase FDI component in a particular insurance company is made by its promoters, depending upon various factors such as capital requirement of the company, solvency requirement, future business plans etc, the minister said. Live Events Replying to another question, Sitharaman said in order to increase coverage under Pradhan Mantri Jeevan Jyoti Bima Yojana (PMJJBY), Pradhan Mantri Suraksha Bima Yojana (PMSBY) and Atal Pension Yojana (APY), regular campaigns were held at grass root level with active participation of banks and local administration. Further, she said, a 3-month 'Financial Inclusion Saturation Campaign' has been launched across the country in 2.70 lakh gram panchayats and Urban Local Bodies (ULBs) from July 1, 2025, with the aim of increasing enrolments in PMJJBY, PMSBY and APY. To achieve saturation in these Jansuraksha schemes, camps are being organized at gram panchayat level and ULBs by banks, providing residents with direct access to information and assistance for enrolling in the scheme, she said. The initiative is aimed to raise awareness and improve participation, helping to bridge gaps in enrolment under the scheme. The Centre for Financial Literacy (CFL) project was initiated by the Reserve Bank of India in 2017 with an objective to adopt community-led innovative and participatory approaches to financial literacy, the minister said. As on March 31, 2025, a total of 2,421 CFLs have been set up across the country with one CFL covering three blocks on an average, she added. PTI

Q1 revenue growth and drags: Corporate earnings rise 4–6%; check details
Q1 revenue growth and drags: Corporate earnings rise 4–6%; check details

Time of India

time35 minutes ago

  • Time of India

Q1 revenue growth and drags: Corporate earnings rise 4–6%; check details

NEW DELHI: The corporate sector recorded a muted revenue growth of 4-6 per cent in the first quarter of this financial year, slipping from around 7 per cent growth seen in the previous two quarters, Crisil Intelligence has said. The weaker performance was largely due to a slowdown in key sectors such as power, IT services and steel, which together make up a third of the revenue across 600 companies reviewed, according to PTI. According to the agency, while some sectors struggled, others like pharmaceuticals, telecom services, organised retail, aluminium and airlines helped sustain growth during April to June. 'The early onset of monsoon and lingering geopolitical uncertainties are expected to have materially impacted some sectors in April-June,' said Pushan Sharma, director at Crisil Intelligence. What drove Q1 gains and drags across sectors Power sector revenues are expected to have dropped 8 per cent year-on-year due to cooler weather reducing electricity demand. This also led to a 2-3 per cent fall in coal demand and brought down spot electricity prices, Sharma added. In the IT services sector , project delays linked to global trade tensions left revenue growth flat on a year-on-year basis. The steel sector fared only slightly better, with an estimated 1-3 per cent increase in revenue due to lower prices and plant maintenance shutdowns. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Simple Morning Habit for a Flatter Belly After 50! Lulutox Undo The auto industry posted a 4 per cent rise in revenue, backed by stronger retail sales, although high inventory weighed on the gains. Crisil said price hikes and improved export earnings also supported the sector's numbers. Construction revenue rose 6 per cent, mainly due to the base effect from election-related disruptions last year. The pharmaceutical sector outperformed India Inc's average, growing 9-11 per cent on the back of solid export demand and stable domestic consumption. Telecom revenues were up 12 per cent due to a rise in subscription charges, while organised retail grew 15-17 per cent, led by fashion and grocery sales. Aluminium saw the strongest growth, with revenue surging 23 per cent, helped by local demand, exports and improved product realisations. Airline revenue also climbed 15 per cent as grounded aircraft returned to service and fleets expanded. Volume growth supported gains in steel, cement and FMCG sectors as well, with each seeing a moderate uptick. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now

DOWNLOAD THE APP

Get Started Now: Download the App

Ready to dive into a world of global content with local flavor? Download Daily8 app today from your preferred app store and start exploring.
app-storeplay-store