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States and unionterritories of Indiaordered by. In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax ...
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).
Municipal Corporation of Delhi (MCD; ISO: Dillī Nagara Nigama) is the municipal corporation that governs most of Delhi, India. The MCD is among the largest municipal bodies in the world providing civic services to a population of about 20 million citizens in the capital city Delhi. [1] It is headed by the Mayor of Delhi, who presides over ...
Investigation Division of the Central Board of Direct Taxes. The Chief Commissioner of Income Tax Central, abbreviated as CCIT-C, is the revenue enforcement agency of the Central Board of Direct Taxes, Government of India which assesses tax evasion. It functions under the Department of Revenue in the Union Ministry of Finance and is concerned ...
Dahsala is an Indian system of land taxation which was introduced in A.D. 1580 under the reign of Akbar.This system was introduced by the finance minister of Akbar, Raja Todar Mal, [1] who was appointed in A.D. 1573 in Gujarat, and it helped to make the system of tax collection from non-muslims more organised.
Tax deduction at source. Tax deduction at source (TDS) is an Indian withholding tax that is a means of collecting tax on income, dividends, or asset sales by requiring the payer (or legal intermediary) to deduct tax due before paying the balance to the payee (and the tax to the revenue authority). Under the Indian Income Tax Act of 1961, income ...
Revenue reforms of Alauddin Khalji. The Delhi Sultanate ruler Alauddin Khalji (r. 1296-1316) implemented a series of major fiscal, land and agrarian reforms in northern India. He re-designated large areas of land as crown territory by confiscating private properties and by annulling land grants. He imposed a 50% kharaj tax on the agricultural ...
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).
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