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In spite of this, due to a strong revenue base in form of taxes, there was a revenue surplus of INR 78 crores and an overall surplus of INR 18.98 crores (including capital account). Revenue income is primarily earned by NMC or for NMC by some external sources. Among own sources, the largest source is octroi (47%) followed by property tax (18%).
The Nagpur Municipal Committee was established in 1864. The Civil Station Sub-Committee was established in 1884. In 1928, the Municipal Committee passed a resolution for creating an "Improvement Trust" for Nagpur which was established in 1937 under the Nagpur Improvement Trust Act, 1936. NIT began functioning in 1937 and has collateral ...
The tax is to be paid by a registered trader within 40 days. As per the rules, every trader whose annual turnover of purchase and sales of the goods included in the taxable schedule is not less than ₹ 5000 and if the annual turnover of purchase and sales of all the goods is not less than ₹ 1,00,000 (one lakh) is supposed to be registered with the local civic body i.e. municipality.
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 ...
Nagpur is a central hub for business and healthcare. Nagpur is the winter capital, a sprawling metropolis and the third largest city of the state after Mumbai and Pune. Nagpur is also called Orange city for the huge orange producing area surrounding the city. It also has the largest timber market of Asia.
The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government of the Republic of India. It functions under the Department of Revenue of the Ministry of Finance. [5] The Income Tax Department is headed by the apex body Central Board of Direct Taxes (CBDT
I met Dan, who was born and raised in Malaga, on the Costa del Sol, when I was riding my bike in 2017. I was impressed because he was fluent in Spanish, English, and Portuguese.
As of 2011 India census, [1] Wadi had a population of 40,147. Males constitute 53% of the population and females 47%. Wadi has an average literacy rate of 78%, higher than the national average of 59.5%: Male literacy is 82%, and female literacy is 74%.
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