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Indore Municipal Corporation (IMC) is the governing body of the city of Indore in the Indian state of Madhya Pradesh. The municipal corporation consists of democratically elected members, is headed by a mayor and administers the city's infrastructure and public services.
Major sources of revenue for the municipality include collection of property tax, water tax, rent. [ 73 ] [ 74 ] Indore municipality follows the guidelines as per the Madhya Pradesh Municipal Corporations Act 1956 Archived 20 September 2018 at the Wayback Machine , as well as the Madhya Pradesh Municipalities Act, 1961 . [ 75 ]
The company also manages the Tax Information Network (TIN) for the Income Tax Department, Government of India. [12] As part of this system, Protean facilitates the issuance of Permanent Account Number (PAN) cards and enables electronic submission of Tax Deducted at Source (TDS) returns, along with assisting banks in uploading tax payment data ...
Toll tax is the most important income of a municipality. All commercial vehicles may receive toll taxes, except auto rickshaw. Income is also generated from commercial activities like hotels, tourist centers, renting and sale of municipal property, and education cess.
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Tax deduction at source (TDS) has come into existence with the motive of collecting tax from different sources of income. As per this concept, a person (Payer) who is responsible to make payment of specified nature to any other person (Payee) shall deduct tax at source before making payment to such person (Payee) and remit the same into the account of the Central Government.
A woman in Kentucky surprised her Navy husband with a special military homecoming by gifting him a five-day duck hunting trip in Kansas with his best friends ahead of Christmas.
National Payments Corporation of India (NPCI) is an Indian public sector company that operates retail payments and settlement systems in India. The organization is an initiative of the Reserve Bank of India (RBI) and the Indian Banks' Association (IBA) under the provisions of the Payment and Settlement Systems Act, 2007, for creating a robust payment and settlement infrastructure in India.