The income tax department never asks for your pin numbers, passwords or similar access information for credit cards, banks or other financial accounts through email the income tax department. Keeping up its poll promise, the bjpshiv sena government in maharashtra today proposed to scrap the local body tax lbt from august 1 in its maiden budget that largely. As per the maharashtra municipal corporations act, 1949 under section 2 31 local body tax defined as the tax applied on the entry of goods into the limits of the city, for consumption, use or sale, levied in accordance with the provisions of chapter xi b, but does not include cess as defined in clause 6 a and octroi as defined in clause 42 1. Stamp duty and registration charges in mumbai, maharashtra. The state government may, after considering the proposal of the commissioner in this behalf, and by notification in the official gazette, specify various categories of goods on which no local body tax shall be leviable. Commissioner department circular 160820 gr dated 06082012. Lbt was introduced in maharashtra under the provisions of maharashtra municipal corporation act, 1949. Local body tax maharashtra lbt workshop princeton academy. Starting today, the local body tax lbt has been abolished for most traders in 25 of the municipal corporations in maharashtra, including those of thane, pune and kalyandombivali. Maharashtra local body tax manual lbt manual 10% off. Rate schedule under the maharashtra value added tax. The pune municipal corporation pmc has published the rates for local body tax for various commodities.
This tax is imposed on traders by the local civic bodies of each citytownarea and are. It gives great pleasure and satisfaction to place the 1st edition of the book local body tax manual under maharashtra municipal corporation act lix of 1949 as amended upto 251020 alongwith. Now, lets take a look at different incomes that are tax free. As per the maharashtra municipal corporations act, 1949 under section 2 31 local body tax defined as the tax applied on the entry of goods into the limits of. Now, pay property tax without any extra transaction charges. With this the ruling bjp has fulfilled one of its poll promises, that was instrumental in bringing it to power in the state.
Maharashtra professional tax notification pdf download. Cii welcomes local body tax in maharashtra the hindu. The maharashtra tax on entry of motor vehicles into local areas act,1987. A complete guide latest indian tax news and notifications. Road tax in pune calculation road tax calculation in pune. Dated 01082015 amended the maharashtra municipal corporations local body tax rules 2010 so as to set fresh limits for registration and to provide for automatic cancellation of registration for the purposes of levy of local body tax. If you are purchasing andor selling the goods within pune limits then there will be no local body tax. Lbt was introduced in maharashtra under the provisions of maharashtra municipal corporation act, 1949, and the bombay. As per the maharashtra municipal corporations act, 1949 under section 2 31 local body tax defined as the tax applied on the entry of goods into the limits of the city, for consumption, use or sale, levied in. The confederation of indian industry has welcomed the imposition of local body tax, which came into effect from april 1, 20, in thane, navi mumbai, nagpur, pune and the pimpri. What is lbt local body tax and why is it being opposed. The act levies stamp duty on real estate properties at the rate fixed by the state government. Bmc has set an october 1 deadline to switch over from octroi to lbt. When there is use of materials in which there is transfer of property,the.
Act, 1960, the kerala land tax act, 1961, the kerala general sales tax act, 1963, the kerala motor vehicles taxation act, 1976, the kerala tolls. Moving a karnataka registered twowheeler to pune, can i. Road tax is to be paid if vehicle moves to pune from other state. The tax is to be paid by the trader to the civic bodies and the rules and. Local body taxlbt, nagpur municipal corporation nagpur. So this is the second option on the net where on can download the new version of pdf generation utility. Nabhi income tax guide 40% off mini ready reckoner 20122014. Local body tax lbt is a levy on the entry of goods into a local area for. Other big cities, including thane, pune, nagpur, pimpri chinchwad and nashik, will adopt. Several municipal corporations in the state, including pune and pimprichinchwad, will stop collection of octroi at entry points to the cities and implement the local body tax lbt from monday. The traders can check the lbt rates on the official website of pmc. The local body tax called as lbt was introduced in maharashtra in april 20, replacing octroi for certain cities other than mumbai. Goods and services tax bare acts and rules the central goods and services tax act 2017 no. Partial abolition of local body tax lbt in maharashtra w.
Local body tax comes into force today pune news times. Original lbt navi mumbai rates lbt blog post download new 20 lbt navi mumbai rates ge. Road tax punehelp can anyone help me out with the documents required for paying the road tax here in pune. Download goods and services tax gst in india file in pdf. Local body tax, popularly known by its abbreviation as lbt, is the tax imposed by the local. Pune municipal corporation publishes rates for local body tax.
It is taxes on entry of goods, which trader has to pay periodically. It is local sale liable to tax under mvat act, 2002. Properyt tax bill details property tax department,pune. The state government may, after considering the proposal of the commissioner in this behalf, and by notification in the official gazette, specify various. Road tax will be on the depreciated value of the vehcile and will depend on the following factors. Maharashtra vat compilation of the maharashtra value added tax act 2002, rate schedules, rules, forms and. Notification of minimum wages in maharashtra pdf download. Local body tax lbt is a levy on the entry of goods into a local area for consumption, use or sale therein. Real estate forum other pune advantages and disadvantages of local body tax.
This tax is imposed on traders by the local civic bodies of each citytownarea and are different in each place. To notify the rates for supply of services under igst act to be published in the gazzete of india, extraordinary, part ii. Hi all, i have found soft copies of maharashtra state tax on professions, trades, callings and employments act and rules. Local body tax registration consultants in guntur find the best lbt agents, municipal corporation consulting firms for property, builders, cars, gift deeds and get their service chargesrates, contact. The content available on the website is provided by pune municipal corporation and all the information available on this website is authentic. No merger of local body tax with vat, gst a2z taxcorp llp. Local body tax abolished for most traders in maharashtra. Applicants for pan are required to provide the ao code in their application.
Hi, i have recently moved to pune and i plan to saty in pune for 1 year. Before filing income tax return 25 important points. It gives great pleasure and satisfaction to place the 1st edition of the book local body tax manual under maharashtra municipal corporation act lix of 1949 as amended upto 251020 alongwith commentary on l. Advantages and disadvantages of local body tax, other, pune. We are 4 sisters and now i want to transfer this property to my sisters. But if you are purchasing from outside pune and selling in pune in that case you can recover the l. Maharashtra provincial municipal corporations act, 1949.
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