Non-agriculture tax reduced from 3 per cent to 0.5 per cent
The government on Saturday, February 10, 2018, decided to reduce non-agriculture (NA) tax from three per cent to 0.5 per cent of the ready reckoner value. Revenue Minister Chandrakant Patil announced it following a meeting with residents associations from Mumbai and Thane, led by Mumbai BJP chief Ashish Shelar seeking relief in NA tax. Patil said, “The government will bring down NA tax from three per cent to 0.5 per cent of the ready reckoner rate.” According to Shelar, “The decision would provide a huge relief to people specially in Mumbai and Thane.” Earlier, t he revenue department is in the process of slapping notices to nearly 20,000 housing soceties, commercial establishments in the district including the lake city and Navi Mumbai for recovering nearly Rs 500 cr collectively as non agricultural tax for the current fiscal. The sudden levy of this tax has drawn ire from activists and political parties. The revenue department under the provisions of the Maha...