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In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
The economy of Delhi is the 13th largest among states and union territories of India. The Nominal GSDP of the NCR was estimated at 272.603 Billion [1] and the Nominal GSDP of the NCT of Delhi for 2022-23 was estimated at ₹10.83 lakh crore (US$140 billion) [9] recording an annual growth of 8.1%. Growth rate in 2014-15 was 9.2%.
Property taxes are levied by either state government or local civic bodies. Property tax or 'house tax' is a local tax on buildings, along with appurtenant land. It is imposed on the Possessor (not the custodian of property as per 1978, 44th amendment of the constitution). It resembles the US-type wealth tax and differs from the excise-type UK ...
Municipal council (India) In India, a Municipal Council (also known as Municipality, Nagar Palika, Nagar Parishad or Nagar Palika Parishad) is an Urban Local Body that administers a city of population 100,000 or more. However, there are exceptions to that, as previously Nagar Palikas constituted in urban centers with populations over 20,000, so ...
Jan. 1, 2024: The unofficial start of tax season. You can start gathering your financial documents and preparing your tax return. April 15, 2024: The deadline for filing your individual tax return ...
A municipal corporation is a type of local government in India which administers urban areas with a population of more than one million. The growing population and urbanization of various Indian cities highlighted the need for a type of local governing body that could provide services such as healthcare, education, housing and transport by collecting property taxes and administering grants ...
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