Bombay Motor Vehicles Tax, the Motor Vehicles (Taxation of Passengers), the Maharashtra Education and Employment Guarantee (Cess); the Tax on Sale of Electricity, the State Tax on Professions, Trades,, (Maharashtra) Section 12 - Bare Act

Act Info:

For section 30 of the Tax on Professions Act, the following section shall be substituted, namely :--

"30. Amounts to be paid into the Fund established under the Maharashtra Employment Guarantee Act, 1977.--The proceeds of the tax levied and collected under this Act, together with penalties and interest and fees recovered thereunder, shall first be credited to the Consolidated Fund of the State, and after deducting the expenses of collection and recovery as determined by the State Government and the amounts of grants made to the local authorities under section 29, out of the remaining amount, the amount necessary to ensure that, at the beginning of every Financial Year, the amount standing to the credit of the Fund established under the Maharashtra Employment Guarantee Act, 1977(Mah. XX of 1978), is not less than Rupees 2,000 crore, shall, under appropriation duly made by law in this behalf, be entered into, and transferred to, the Fund established under that Act.