Maharashtra to Eliminate NA Tax for Urban Housing Societies
Real Estate

Maharashtra to Eliminate NA Tax for Urban Housing Societies

The Maharashtra government is expected to eliminate the non-agriculture (NA) tax for urban housing societies before the announcement of assembly elections, according to a senior revenue department official. This decision follows requests from political leaders and housing federations to scrap the tax, which affects many older societies facing hefty payment notices.

The official noted that the announcement might come before the model code of conduct for elections takes effect in October. Currently, the tax applies to societies outside gaothan areas within municipal jurisdictions, with only 10,000-15,000 of the nearly 200,000 societies exempt from the NA tax.

Despite a stay on NA tax collection since 2022, concerns persist about double taxation on landholders who have already paid a one-time NA conversion tax. Housing federation president Suhas Patwardhan expressed that if the exemption is declared before the elections, it would significantly relieve affected housing societies.

While the state government is reportedly leaning toward withdrawing the NA tax, some society members remain unaware of the stay, continuing to make payments. Advocates argue that the current tax provisions discriminate against residential sites and lead to unfair classifications.

The Maharashtra government is expected to eliminate the non-agriculture (NA) tax for urban housing societies before the announcement of assembly elections, according to a senior revenue department official. This decision follows requests from political leaders and housing federations to scrap the tax, which affects many older societies facing hefty payment notices. The official noted that the announcement might come before the model code of conduct for elections takes effect in October. Currently, the tax applies to societies outside gaothan areas within municipal jurisdictions, with only 10,000-15,000 of the nearly 200,000 societies exempt from the NA tax. Despite a stay on NA tax collection since 2022, concerns persist about double taxation on landholders who have already paid a one-time NA conversion tax. Housing federation president Suhas Patwardhan expressed that if the exemption is declared before the elections, it would significantly relieve affected housing societies. While the state government is reportedly leaning toward withdrawing the NA tax, some society members remain unaware of the stay, continuing to make payments. Advocates argue that the current tax provisions discriminate against residential sites and lead to unfair classifications.

Related Stories

Gold Stories

Next Story
Infrastructure Urban

Vedanta Metal Bazaar Expands to Global Markets

Vedanta Aluminium has expanded its digital e-commerce platform, Vedanta Metal Bazaar, to international markets, enabling overseas customers to order and purchase aluminium products online.The platform will now be available to buyers across Asia, Europe, Africa and the Americas, providing a digital gateway for export transactions with 24x7 access.In FY26, Vedanta Metal Bazaar processed transactions worth nearly $4.1 billion, or over Rs 380 billion, and fulfilled more than 23,000 orders. The platform is also used regularly by more than 550 MSMEs in India alongside large OEM customers.The export ..

Next Story
Infrastructure Urban

Ramky Infrastructure Q1 FY27 Revenue Rises 24.3%

Ramky Infrastructure Limited reported a 24.3% year-on-year increase in consolidated revenue from operations to Rs 471.2 crore for Q1 FY27, compared with Rs 3.79 billion in the corresponding quarter of FY26.Standalone revenue from operations rose 27.5% YoY to Rs 4.51 billion from Rs 3.54 billion, while total standalone income increased 35% to Rs 5.32 billion.Consolidated profit before tax stood at Rs 540.9 million during the quarter. The company highlighted a sharp sequential improvement compared with a pre-exceptional loss of Rs 190.1 million in Q4 FY26.Two of the three projects awarded during..

Next Story
Technology

LTTS Launches AgenticIQ AI Platform for Engineering

L&T Technology Services (LTTS) has launched AgenticIQ, an end-to-end agentic AI platform designed for engineering and manufacturing organisations.The platform is aimed at helping enterprises move beyond isolated AI pilots by enabling autonomous, multi-agent workflows across engineering, product development, manufacturing, industrial operations and customer experience.AgenticIQ is built on LTTS’ Engineering Intelligence portfolio and converts existing engineering capabilities into specialised, reusable AI agents. Its planning-first architecture is embedded into engineering and production ..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement