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The department generates the highest tax revenue for the state government. [1] The core function of the department is two pronged: implementation of taxes on various commodities and services as laid out by various tax laws enacted by Government of India and the state government and to maximize the collection of taxes.
Tamil Nadu Denatured Spirit, Methyl Alcohol and Varnish (French Polish) Rules 1959. Tamil Nadu Molasses Control and Regulation Rules, 1958. Tamil Nadu Narcotic Drug Rules, 1985. Tamil Nadu Medicinal and Toilet preparations (Excise Duties) Rules, 1956. Tamil Nadu Disposal of Articles (Confiscated under Tamil Nadu Prohibition Act)Rules, 1979.
A challan or bank challan is defined as an official document, form, or piece of paper used to credit money from one account to another. It is almost similar to the deposit slip available in the bank with which you can deposit money into someone's account in cash.
As of 2022, Tamil Nadu's GSDP was ₹ 23.65 lakh crore (US$280 billion), second highest amongst Indian states. [3] For the financial year 2023–24, the projected expenditure is ₹ 3.65 lakh crore (US$43 billion) against a projected revenue of ₹ 2.73 lakh crore (US$32 billion) with the fiscal deficit at ₹ 0.92 lakh crore (US$11 billion).
Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone practicing a profession such as chartered accountant, company secretary, cost accountant, Software Engineer, lawyer, doctor etc. are required to pay this professional tax.
The department was reconstituted by the Tamil Nadu Board of Revenue Act, 1894. [2] It was adopted by the Madras State post Indian Independence as a part of the Merged States (Laws) Act, 1949. [3] It was renamed in 1980 by the Tamil Nadu Board of Revenue Abolition Act, 1980. [4]
The Ministry of Finance (IAST: Vitta Maṃtrālaya) is a ministry within the Government of India concerned with the economy of India, serving as the Treasury of India.In particular, it concerns itself with taxation, financial legislation, financial institutions, capital markets, currency regulation, banking service, centre and state finances, and the Union Budget.
Tamilnad Mercantile Bank Limited (TMB) is an Indian bank headquartered at Thoothukudi, Tamil Nadu. TMB was founded in 1921 as the Nadar Bank, but changed its name to Tamilnad Mercantile Bank in November 1962 to widen its appeal beyond the Nadar community. The bank currently has 509 full branches throughout India, 12 regional offices and two ...