Quick Summary
In a significant move, the Maharashtra government has permanently abolished the non-agricultural (NA) tax levied on housing societies, industrial, and commercial properties in urban areas. This decision was made during a Cabinet meeting chaired by Chief Minister Eknath Shinde, aimed at reducing the
Daily Limit Reached
You have reached your daily limit of 2 Free News
Subscribe to CCI PRO for unlimited access
Why Upgrade to CCI PRO?
- No Ads
- WhatsApp Community
- Daily E-Newsletter
- Unlimited News Access
- Profile Visitors
- Link Social Profiles
- Featured Job Posts
- Pro Badge
- Expert GST Guidance
- Unlimited Forum Replies
- Download Content in PDF
BEST VALUE
2 YEAR PLAN
3,499
(Excl. of GST ₹629)
1 YEAR PLAN
1,999
(Excl. of GST ₹359)
3 MONTHS PLAN
999
(Excl of GST ₹179)
View all CCI PRO benfits
Already a PRO member? Login here for an ad-free experience.
FAQ :
The NA tax, or non-agricultural tax, is levied on agricultural land when it is used for non-agricultural purposes, such as building residential, commercial, or industrial properties.
The NA tax has been abolished for housing societies, industrial, and commercial properties in urban areas. This includes lands used for residential buildings, high-rise apartments, and commercial and industrial units.
Yes, properties situated in Gaothan areas are still exempt from the NA tax, as they were already exempt under the Maharashtra Land Revenue Code of 1960. The abolition applies to all other urban properties.
The government has abolished the NA tax to reduce the financial burden on property owners and to promote urban development across the state.
Yes, housing societies in suburban Mumbai had received temporary relief from the NA tax in 2022 under the previous Maha Vikas Aghadi government.
CAclubindia
