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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 ...
Central Sales Tax, 1956, which imposes sales tax on goods sold in inter-state trade or commerce in Indisale of property situated within the state In the 2016 Union budget of India , an excise of duty of 1% without input tax credit and 12.5% with input tax credit was imposed on articles of jewellery with the exception of silver jewellery. [19]
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).
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 ...
Delhi Land & Finance (DLF Limited) is a commercial real estate development company. It was founded by Chaudhary Raghvendra Singh in 1946 and it is based in New Delhi , India. [2] [3] DLF has developed residential colonies in Delhi such as Model Town , Rajouri Garden , Krishna Nagar , South Extension , Greater Kailash , Kailash Colony , and Hauz ...
The Investigation Division of the CBDT, abbreviated as Inv-CBDT, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India.It functions under the Department of Revenue in the Union Ministry of Finance and is concerned with the collection and administration of, as well as enforcement and prosecution of cases related to, the various direct taxes accruing to the ...
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