Maharashtra Budget 2015: Govt abolishes LBT, extends tax exemption on rice, wheat

Maharashtra on Wednesday announced Local Body Tax (LBT) would be abolished from August 1 and extended tax exemption on essential commodities like rice and wheat in Budget 2015-16.

LBT to be scrapped in Maharashtra from August 1

 Keeping BJP's poll promise, the Devendra Fadnavis-led government in Maharashtra on Wednesday announced that the controversial local body tax (LBT) will be scrapped in the state from August 1 this year.

Govt looking for alternative to Local Body Tax: Prithviraj Chavan

Maharashtra Chief Minister Prithviraj Chavan today said the state government was looking for an alternative to the controversial Local Body Tax.

Maharashtra traders to continue indefinite bandh against LBT

Federation of Associations of Maharashtra (FAM) representing 750 trade associations said it will continue its indefinite trade bandh till LBT (Local Body Tax) is removed as agitation entered 18th day.