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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]
The IRS (Customs and Indirect Taxes) is controlled by a separate statutory body, the Central Board of indirect taxes and Customs (CBIC). The duties of the IRS (C&IT) include formulation and enforcement of policy concerning the Goods and Services Tax, prevention of smuggling and administration of matters related to Customs and Narcotics.
The transport card enables the user to pay for travel, toll tax, retail shopping and withdraw money. It is enabled through the RuPay card mechanism. [2] The NCMC card is issuable as a prepaid, debit, or credit RuPay card from partnered banks such as the State Bank of India, Canara Bank, Bank of India, Punjab National Bank, and others. [3]
The Central Board of Direct Taxes (CBDT) is a statutory body under the Department of Revenue, Ministry of Finance, Government of India. It oversees the administration of direct taxes, including income tax and corporate tax, through the Income Tax Department. The CBDT was constituted in 1964 under the Central Board of Revenue Act, 1963.
Investigation Division of the Central Board of Direct Taxes; National Academy of Direct Taxes; Directorate General of Income Tax Investigation (for economic exchange related offences) Directorate of Income Tax Intelligence and Criminal Investigation (for criminal economic offences)
The Karnataka Vikasa Grameena Bank (KVGB) is an Indian Regional Rural Bank sponsored by Canara Bank. It is under the ownership of the Ministry of Finance , Government of India . The bank provides retail banking services to rural users and has 629 branches in North and Western Karnataka .
A village accountant or karanam (Andhra Pradesh), patwari (Madhya Pradesh, Punjab, Telangana, West Bengal), patowary (Assam), talati (Gujarat, Karnataka, Maharashtra), lekhpal (Uttar Pradesh, Uttarakhand) is a government role in rural areas of the Indian subcontinent. Introduced during the early 16th century, it was maintained by the British ...
A specific state or union territory maybe chosen to register a vehicle due to differences in the amount of taxes involved in registration process. One such example is of Puducherry, where many luxury cars have been known to be registered by residents of other states, sometimes fraudulently, leading to crackdowns by those states.