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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 ...
New Delhi, Mumbai, Kolkata, and Chennai were classified as A-1 cities. City statuses were later revised based on the results of the 2001 Census of India. Hyderabad was upgraded from A to A-1 status on 31 August 2007, and the same with Bangalore on 21 September 2007. The CCA classification was abolished in 2008.
Greater Chennai Metropolitan Area, or simply the Chennai Metropolitan Area (CMA), is fourth-most populous metropolitan area in India and the 35th most populous in the world. The CMA consists of the core city of Chennai, which is coterminous with the Chennai district, and its suburbs in Kanchipuram, Chengalpattu, Thiruvallur and Ranipet districts.
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.
The city of Chennai in Tamil Nadu, India, is managed by the Corporation of Chennai. Established as Madras Corporation in 1688, it is the oldest municipal body in India. [1] [2] [3] It is headed by a mayor, who presides over 200 councillors each of whom represents a ward. The current mayor of Chennai was elected on 4 March 2022.
Commercial taxes The department generates the highest tax revenue for the state government. [1] The core function of the department is two pronged: implementation of taxes on various commodities and services as laid out by various tax laws enacted by Government of India and the state government and to maximize the collection of taxes.
The Directorate of Revenue Intelligence (DRI) is an Indian intelligence agency.It is India's apex anti-smuggling intelligence, investigations and operations agency. The Directorate is run by officers from the Central Board of Indirect Taxes and Customs (CBIC) who are posted in its various Zonal Units as well as in Indian embassies abroad as part of the Customs Overseas Intelligence Network.
SEZs set up by the Government of India. KASEZ Kandla Special Economic Zone, at Kandla Gandhidham, Gujarat by Govt of India. SEEPZ Special Economic Zone Mumbai, Maharashtra Electronics and Gems and Jewellery. Noida Special Economic Zone Uttar Pradesh Multi product. MEPZ Special Economic Zone Chennai, Tamil Nadu Multi product.
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