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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 ...
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]
Local Body Tax, popularly known by its abbreviation as LBT, is the tax imposed by the local civic bodies of India on the entry of goods into a local area for consumption, use or sale therein. The tax is imposed based on the Entry 52 of the State List from the Schedule VII of the Constitution of India which reads; "Taxes on the entry of goods ...
Website. revenue .maharashtra .gov .in /default .aspx. The Ministry of Revenue is a ministry of the Government of Maharashtra. It is responsible for preparing annual plans for the development of Maharashtra state. [1] [2] The Ministry is headed by a Cabinet level by Radhakrishna Vikhe Patil Current Minister of Revenue.
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.
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