Nashik: Professionals working from home to pay regular residential property tax – ET RealEstate

NASHIK: The Nashik Municipal Corporation (NMC) has decided to levy regular property tax rates on the residences of professionals — including lawyers, chartered accountants (CA) and doctors — who have been using their homes as offices. Currently, the civic levies three-times more than the normal residential tax rate for the portion of a home that a property owner uses to practise his or her profession.

Pradeep Chaudhari, the deputy municipal commissioner (taxation), said 100 such practitioners had approached the NMC seeking levy of regular property tax rates on their residences. “There is also the Supreme Court judgement of 1984 on the levy of regular property tax for professionals like CAs, lawyers and doctors, who are working from their residences,” he said.

Some professionals had also moved the district court, where the judgement was given in their favour. Therefore, the NMC administration has decided to levy regular property charges as per the residential property tax rates.

The civic body has prepared the proposal and it will be tabled at the NMC general body (GB) meeting on Tuesday for approval.

“The civic body should have respected the court judgement and should have applied regular property tax instead of the non-residential property tax rate. There are many professionals, apart from CAs, lawyers and doctors, who are working from their homes now,” said Ravi Rathi, the former chairman and senior member of the Institute of Chartered Accountants of India (ICAI), Nashik.

“Since the Covid outbreak, many are working from home. It is not a commercial but a human resource activity. This is a welcome move that the civic body has finally proposed the decision of levying a regular property tax,” said Rathi.

The NMC does not have data on the number of professionals working from home in the city.

Source link