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Pune Municipal Corporation ( PMC) is the civic body that governs the inner limits of Pune, India. It is in charge of the civic needs and infrastructure of the metropolis, which is spread over an area of 484.61 sq. km. and has 3.4 million residents. [7] [8] [9] Established on 15 February 1950, [10] the executive power of the PMC is vested in the ...
Pimpri Chinchwad Municipal Corporation (PCMC) is the civic body that governs Pimpri-Chinchwad which includes Pimpri, Akurdi, Chinchwad, Nigdi, and the remainder of the northwestern city limits of Pune, India. It was established on 11 October 1982. It governs an area of 181 km 2 with a population of 1.72 million.
The payment of the property tax is usually made before mid-October. The tax notice is drawn up in the name of the owner who is the only person liable for the property tax. The precise deadline for paying it varies depending on the method of payment chosen. Exemption from property tax. In certain situations the property tax allows exemptions.
Assessed home value x tax rate = property tax. For instance, if your home’s assessed value is $400,000 and your local tax rate is 2 percent, you’d owe $8,000 per year in property taxes.
Local Body Tax. Local Body Tax, popularly known by its abbreviation as LBT, is the tax imposed by the local civic bodies of India on the entry of goods into a local area for consumption, use or sale therein. [1] The tax is imposed based on the Entry 52 of the State List from the Schedule VII of the Constitution of India which reads; "Taxes on ...
Key takeaways. Refinancing a mortgage does not directly affect property taxes, but the terms of the new mortgage could impact how you pay them. The assessed value of your home, set by your local ...
The Tax Installment Program (TIP) is available to provide assistance to those who are unable to pay their bill in full by the due date. Homeowners who enroll in this program can avoid late payment ...
The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT).