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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 [5].The BMC is India's richest municipal corporation. [6] [7] Its annual budget exceeds that of some of India's smaller ...
Mumbai (/ m ʊ m ˈ b aɪ / muum-BY; ISO: Muṁbaī, Marathi: ⓘ), also known as Bombay (/ b ɒ m ˈ b eɪ / bom-BAY), is the capital city of the Indian state of Maharashtra.Mumbai is the financial capital and the most populous city proper of India with an estimated population of 12.5 million (1.25 crore). [20]
For many municipalities in the United States, property taxes are the primary source of revenue. The amount of forgone tax revenue as a result of these tax-exempt land parcels is significant. The president of the city council of Baltimore, MD, recently estimated that his city loses $120 million annually from these foregone taxes. [16]
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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.
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Time and manner of payment of property taxes varies widely. [55] Property taxes in many jurisdictions are due in a single payment by January 1. Many jurisdictions provide for payment in multiple installments. [56] In some jurisdictions, the first installment payment is based on prior year tax.
The goal was to shift population and commercial activities from Mumbai to Navi Mumbai, which would be sustainable physically, economically and environmentally. The new city was projected to gain two million people and 750,000 jobs from the 1970s through the 1990s. The impact of Navi Mumbai on the growth of Mumbai was reflected in the 1980s.
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