The Government of Maharashtra on August 25, 2023, published the Maharashtra Municipal Corporation of the City of Pune Taxation (Enactment and Amendment of Taxation Rules with retrospective effect and Validation) Act, 2023 to enact and amend the Municipal Corporation of the City of Pune Taxation Rules framed under the Maharashtra Municipal Corporations Act, with retrospective effect.
The following has been stated namely: -
• The following rules to enact and amend the Taxation Rules to provide for the determination of the rateable value of buildings or land in the area of Municipal Corporation of the City of Pune, during the period commencing on of April 01, 1970, and ending on March 31, 2023, shall be made and shall be deemed to have been made by the Municipal Corporation of the City of Pune under section 454 of the Maharashtra Municipal Corporations Act, of April 01, 1970, as follows, namely: —
“1. Short title. - These rules may be called the Municipal Corporation of the City of Pune Taxation (Amendment) Rules, 1970.
• In Schedule ‘D’ appended to the Maharashtra Municipal Corporations Act, in its application to the Municipal Corporation of the City of Pune, in Chapter VIII, in rule 7, for sub-rule (1), the following sub-rule shall be substituted and shall be deemed to have been substituted with effect from the 1st April 1970, namely: —
“(1) 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 fifteen 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 :
Provided that, in case of any building or portion of the building occupied by the owner exclusively for his residential purpose, a sum equal to forty percent. of the annual rent shall be deducted from the amount of annual rent :
Provided further that, if the owner has occupied more than one building or portion of the building exclusively for his residential purpose, In such cases, anyone building or portion of the building shall be eligible for such deduction.”.
[Notification No. Act No. XLIV of 2023]
