The Government of Maharashtra on July 25, 2023, issued the Bill of the Municipal Corporation of the City of Pune Taxation (Amendment) Rules, 2023 to further amend the Municipal Corporation of the City of Pune Taxation Rules framed under the Maharashtra Municipal Corporations Act.
The following has been stated namely: -
• In Schedule D, in Chapter VIII, in rule 7(1), the following sub-rule shall be substituted: -
“In order to fix the rateable value of any building or land assessable to a property tax, there shall be deducted from the amount of the annual rent for which such building or land might reasonably be expected to let from year to year, a sum equal to ten percent. of the said annual rent, and the said deduction shall be in lieu of all allowances for repairs or on any other account whatever.”
This is with effect from April 01, 2023.
• The Validation of the amount of deduction given from annual rent for determination of rateable value and saving has been stated and this shall be deemed to be in force with effect from April 01, 1970.
• The Power to remove difficulties has been stated
[Notification No. MAHBIL/2009/40123]
