Search results
Results from the WOW.Com Content Network
Patna Municipal Corporation (PMC) is the civic body that governs Patna, the capital of Bihar in India.Municipal Corporation mechanism in India was introduced during British Rule with formation of municipal corporation in Madras in 1688, later followed by municipal corporations in Bombay and Calcutta by 1762. [1]
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]
Katihar Municipal Corporation or Katihar Nagar Nigam, is the civic body that governs Katihar, a city of Bihar in India.Municipal Corporation mechanism in India was introduced during British Rule with formation of municipal corporation in Madras in 1688, later followed by municipal corporations in Bombay and Calcutta by 1762. [1]
Arrah Municipal Corporation or Arrah Nagar Nigam, abbr. AMC, is the civic body that governs Arrah, a city of Bihar in India.Arrah Municipal Corporation consists of democratically elected members, is headed by a Mayor, and administers the city's infrastructure, public services, and supplies.
The payment of the property tax is usually made before mid-October. The tax notice is drawn up in the name of the owner who is the only person liable for the property tax. The precise deadline for paying it varies depending on the method of payment chosen. Exemption from property tax. In certain situations the property tax allows exemptions.
A payment in lieu of taxes, abbreviated as PILT or PILOT, [1] [2] [3] is a payment made to compensate a government for some or all of the property tax revenue lost due to tax exempt ownership or use of real property.
Property tax has been shown to be regressive [2] (that is, to fall disproportionately on those of lower income) under certain circumstances, because of its impact on particular low-income/high-asset groups such as pensioners and farmers. Because these persons have high-assets accumulated over time, they have a high property tax liability ...
The three forms of property income are rent, received from the ownership of natural resources; interest, received by virtue of owning financial assets; and profit, received from the ownership of capital equipment. [1] As such, property income is a subset of unearned income and is often classified as passive income.