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Citizens of India are banned from entering any transactions by way of granting development rights, selling, transferring or mortgaging more than a third of a property [clarification needed] in India declared as "enemy" property. The office of the custodian are located in Delhi with a branch offices in Mumbai, Calcutta and Lucknow.
Low Tax-to-GDP Ratio: Pakistan’s tax-to-GDP ratio remains lower than the global average. In recent years, the ratio has been approximately 9.5%, far below that of neighboring countries like India (16%) and Bangladesh (12%). This indicates inefficiencies in tax collection and necessitates systemic reforms.
Local Body Tax, popularly known by its abbreviation as LBT, is the tax imposed by the local civic bodies of India on the entry of goods into a local area for consumption, use or sale therein. [1] The tax is imposed based on the Entry 52 of the State List from the Schedule VII of the Constitution of India which reads; "Taxes on the entry of ...
The Federal Board of Revenue (FBR) (Urdu: وفاقی بورڈ محصولات), formerly known as Central Board of Revenue (CBR), is a federal law enforcement agency of Pakistan that investigates tax crimes, suspicious accumulation of wealth, money-laundering make regulation of collection of tax. FBR operates through Inspectors-IR that keep tax ...
Self-enumeration Portal (SEP) is a nation-wide digital census's data collection process and management platform initially launched by the Government of Pakistan.Self-enumeration Portal is the first digital initiative taken by the Pakistan Bureau of Statistics (PBS) to make it possible for Pakistani residents to take part in the digital census from the convenience of their own homes.
Property taxes are levied by either state government or local civic bodies. Property tax or 'house tax' is a local tax on buildings, along with appurtenant land. It is imposed on the Possessor (not the custodian of property as per 1978, 44th amendment of the constitution). It resembles the US-type wealth tax and differs from the excise-type UK ...
The tax is imposed based on the Entry 52 of the State List from the Schedule VII of the Constitution of India which reads; "Taxes on the entry of goods into a local area for consumption, use or sale therein." [24] The tax is to be paid by the trader to the civic bodies and the rules and regulations of these vary amongst different States in ...
New Delhi, Mumbai, Kolkata, and Chennai were classified as A-1 cities. [9] City statuses were later revised based on the results of the 2001 Census of India. [8] Hyderabad was upgraded from A to A-1 status on 31 August 2007, and the same with Bangalore on 21 September 2007. [9] The CCA classification was abolished in 2008.
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