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After independence, Indore city was included into Madhya Bharat and declared as the first category of municipality by the local government department of Madhya Bharat. In the year 1956, during the re-organisation of states, Indore was included in Madhya Pradesh and in the same year it was declared a Municipal Corporation.
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.
The tax came into effect from 1 July 2017 through the implementation of the One Hundred and First Amendment of the Constitution of India by the Indian government. The GST replaced existing multiple taxes levied by the central and state governments. It an indirect tax (or consumption tax) used on the supply of goods and services. It is a ...
The main responsibility of the Income Tax Department is to enforce various direct tax laws, most important among these being the Income-tax Act, 1961, to collect revenue for the government of India. It also enforces other economic laws such as the Benami Transactions (Prohibition) Act, 1988 , [ 6 ] and the Black Money Act, 2015 .
Major sources of revenue for the municipality include collection of property tax, water tax, rent. [74] [75] 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. [76]
Download QR code; Print/export ... Madhya Pradesh. S/N Corporation Name City ... Indore: Indore: 530 2,167,447 85 2022 [78] BJP [83] 7
Azad Nagar area falls under the Indore-5 Assembly Constituency in Indore District. The current elected Member is Mahendra Hardia from the BJP . The ward corporator is Foziya Sheikh Alim, [ 2 ] who is also the Leader of Opposition in the Indore Municipal Corporation council.
Indore has the largest economy in Madhya Pradesh and is the business and trading capital of the state. Pithampur Industrial Area , near Indore houses more than 1200 industrial units. Pithampur is a part of Indore Metropolitan Region , though its economic contributions are not accounted in Indore District.