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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 ...
The Brihanmumbai Municipal Corporation ( BMC), [4] or Municipal Corporation of Greater Mumbai ( MCGM) is the governing civic body of Mumbai, the capital city of Maharashtra . Salman Khan Is Now Brand Ambassador of BMC from 2016. The BMC is India 's richest municipal corporation. [5] [6] Its annual budget exceeds that of some of India's smaller ...
Main article: Income tax in India. Income Tax is a tax imposed on individuals or entities (taxpayers) that varies with respective income or profits (taxable income). Income tax generally is computed as the product of a tax rate times taxable income. However, for individuals, tax is payable at slab rates.
Website. www.mclatur.com. The Latur City Municipal Corporation ( LCMC) also known as the Municipal Corporation of Latur City ( LCMC) was established on 25 October 2011. [citation needed] The Maharashtra Government dissolved the council and approved forming a municipal corporation. Municipal Corporation mechanism in India was introduced during ...
Bhiwandi-Nizampur City Municipal Corporation is a civic body formed after dissolution of "BNCMC" (Bhiwandi-Nizampur City Municipal Council) into a Corporation by an act of Government Of Maharashtra in 2002 to administer the industrial township of Bhiwandi, which is a city in Thane district in the Indian state of Maharashtra.
Taxation. VAT was introduced very beginning in year on year value added tax (VAT) into the Indian taxation system from 1 April 2005. The existing general sales tax laws were replaced with the Value Added Tax Act (2005) and associated VAT rules. A few states ( Gujarat, Tamil Nadu, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand, Uttarakhand ...
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