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e. 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, entertainment tax and stamp duty. [2]
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 ...
Staff. 42,260 (as on 31 March 2019) Website. www .ndmc .gov .in. Formerly called. New Delhi Municipal Committee (1911-1995) New Delhi Municipal Council ( NDMC; ISO: Naī Dillī Nagarapālikā Pariṣad) is the municipal council of the city of New Delhi, Delhi, India. It covers an area of 42.7 km 2 under its administration, [7] which is commonly ...
The economy of Delhi is the 13th largest among states and union territories of India. The Nominal GSDP of the NCR was estimated at 272.603 Billion [1] and the Nominal GSDP of the NCT of Delhi for 2022-23 was estimated at ₹10.83 lakh crore (US$140 billion) [9] recording an annual growth of 8.1%. Growth rate in 2014-15 was 9.2%.
A real estate transfer tax, sometimes called a deed transfer tax or documentary stamp tax, is a one-time tax or fee imposed by a state or local jurisdiction upon the transfer of real property. In ...
Jamuna Prasad Singh. Formation. 1964. Salary. ₹225,000 (US$2,800) Website. Official website. The Chairperson, Central Board of Direct Taxes (CBDT) is the senior-most IRS (IT) civil servant in the Government of India. The Chairperson of Central Board of Direct Taxes (CBDT) is the Special Secretary to the Government of India and also cadre ...
Municipal Corporation of Delhi ( MCD) 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 elected councillors from 250 ...
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 tax must be deducted at ...
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