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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 500 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 amount of property tax is equal to the tax base x the tax rate voted by the municipality. The tax base is equal to 50% of the cadastral rental value of the property (For non-built properties, this tax base is equal to 80%). To this base is then applied the revaluation coefficient. (It stood at 1.012 for 2020).
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 ...
The Pune Municipal Corporation has designated 251 properties in their area of jurisdiction as heritage structures. [1] They are subdivided into three grades I, II and III based on their cultural, historical and architectural significance. [2] The list was put together with the support of Indian National Trust for Art and Cultural Heritage.
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).
History of Pune. Pune is the 9th most populous city in India and one of the largest in the state of Maharashtra . Although area around Pune has history going back millennia, the more recent history of the city is closely related to the rise of the Maratha empire from the 17th–18th century. Pune first came under Maratha control in the early ...
Since January 1, 2018, the nominal federal corporate tax rate in the United States of America is a flat 21% following the passage of the Tax Cuts and Jobs Act of 2017. State and local taxes and rules vary by jurisdiction, though many are based on federal concepts and definitions. Taxable income may differ from book income both as to timing of ...
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