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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.
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]
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
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This tax is used to finance the budget of local authorities. The property tax comprises three different taxes: the tax on built properties, the tax on unbuilt properties, and a tax on household waste removal. Property tax on built properties. This is the most common tax in France. It is detailed in Article 1380 of the General Tax Code.
Download QR code; Print/export Download as PDF; Printable version; In other projects ... Indore-2: Website: imcindore.mp.gov.in: Mahalaxmi is a suburb of Indore.
Vijay Nagar is a major residential area in Indore, as a part of Greater Indore. Developed by the Indore Development Authority , the suburb saw a boom in population in the late 1990s. Real estate prices have since shot up and are among the highest in Indore, in part because of the continued influx of immigrants.