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It is an account-based tax for every raw material used or imported into the city's limits by all businesses, traders and manufacturers and replaces traditional tax collections. All shopkeepers who sell goods over a certain value have to pay LBT. It ranges from 0% to 7% and is computed based on a trader's turnover.
The largest property tax exemption is the exemption for registered non-profit organizations; all 50 states fully exempt these organizations from state and local property taxes with a 2009 study estimating the exemption's forgone tax revenues range from $17–32 billion per year.
Vashi is a well-organised sub-urban area that houses many commercial stores and has many residential societies. Vashi has three main and large malls, viz., Inorbit mall Vashi, Center One and Raghuleela Mall. Along with these three malls several other small shopping plazas are also developed across vashi, e.g. Satra Plaza, [2] Vashi Plaza. [3]
The Mira-Bhayandar Municipal Corporation is the governing body of the city of Mira-Bhayandar in the Indian state of Maharashtra.It consists of democratically elected members, headed by a mayor who administers the city's infrastructure, public services and police.
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.
A payment in lieu of taxes, abbreviated as PILT or PILOT, [1] [2] [3] is a payment made to compensate a government for some or all of the property tax revenue lost due to tax exempt ownership or use of real property.
The income from taxes, including on houses, entertainment, electricity, water tax (in certain cities), vehicles, property, and land; Toll tax is the most important income of a municipality. All commercial vehicles may receive toll taxes, except auto rickshaw.
Navi Mumbai (Marathi: [nəʋiː mumbəi]; previously New Bombay) also called New Mumbai is a planned city next to Mumbai, located in the Konkan division of the western Indian state of Maharashtra, on the mainland of India.