MAHARASHTRA STAMP ACT (LX OF 1958) (MODIFIED UPTO 05.12.2018)



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NO GENERAL TAX PAYABLE ON RESIDENTIAL PROPERTY WITH CARPET AREA UPTO 500 SQ.FT.(UPTO 46.45 SQ.MTR.), -MUMBAI MUNICIPAL CORPORATION (AMENDMENT) ORDINANCE, 2019

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MUMBAI MUNICIPAL CORPORATION (AMENDMENT) ORDINANCE, 2019 Vide Maharashtra Ordinance No. XI OF 2019 amending sections 140 and 140A of the Mumbai Municipal Corporation Act it is provided that, the Corporation shall not levy property tax leviable on residential buildings or residential tenements,having carpet area of 46.45 sq. meter (500 sq. feet) or less. The term “residential buildings or residential tenements, having carpet area of 46.45sq. meter (500 sq. feet) or less” means the residential buildings or residential tenements, existing on the date of coming into force of the Mumbai Municipal Corporation (Amendment) Ordinance, 2019, having carpet area of 46.45sq. meter (500 sq. feet) or less and recorded with such area in the Municipal records on the 1st January 2019 or in respect of which the permission to occupy has been granted by the Corporation permitting such area to be occupied after such date of coming into force of the said Ordinance.”.
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