Important Information for Thane Builders

As per internal advisory letter of Thane Municipal Corporation (TMC) which we have come across, all builders and developers opting for "Lump Sum Payment Scheme" have to pay their LBT liability on or before 20th October, 2013. Payment made after this date will attract 14% interest (2% per month from April to October).

So, Visitors of this blog are advised in their own interest to expedite the payment of LBT. For payment calculations and Rates contact your LBT Consultant at earliest.

In order to make payment of LBT on "Lump Sum Payment Scheme" the builders are required to first obtain approval from LBT Department.

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LBT Seminar by MCHI

A seminar was organised by MCHI (Maharashtra Chambers of Housing Industry) on 25th September, 2013 at Tip Top Plaza, Thane.

CA Ashok Madrecha (A Practicing CA from Thane) & Adarsh Madrecha delivered lecture on LBT (Local Body Tax) from builder’s perspective. This seminar was attended by prominent builders, developers, finance managers, Chartered Accountants from housing Industry.

All members present in the seminar actively participated, raised queries relating to LBT and Housing Industry. Both the speakers answered the queries and explained LBT Provisions in detail.

Prominent persons present at the seminar included

• Shri Dilip Dhole (Dy Commissioner, LBT, Thane Municipal Corporation)
• Shri Shailesh Puranik (Chairman), Shri Jitendra Mehta (Secretary), Shri Mukesh Savla (Founder Chairman)

Seminar was also attended by representatives from well-known builder groups including

• Puraniks, Ashar, Rustomjee, Dosti, Cosmos, Regency, Arihant, Kalpataru, Soham and many more

CA Ashok Madrecha delivering lecture On Dice (from Left) - Jitendra Mehta (Secretary), Mukesh Savla (Founder President), Shailesh Puranik (President) from MCHI, and Dilip Dhole (Dy Commissioner, TMC)

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