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Indore Municipal Corporation (IMC) is the governing body of the city of Indore in the Indian state of Madhya Pradesh. The municipal corporation consists of democratically elected members, is headed by a mayor and administers the city's infrastructure and public services.
Major sources of revenue for the municipality include collection of property tax, water tax, rent. [ 72 ] [ 73 ] 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 . [ 74 ]
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
Indore Development Authority, also known as IDA is the urban planning agency serving Indore Metropolitan Region of the Indian state of Madhya Pradesh. It was established in 1973 under Madhya Pradesh Town and Country Planning Act, 1973.
Out of 67 cities, 30 had achieved the 90% target for property tax collection, 20 had achieved full operation and maintenance cost recovery for water supply and sanitation, but only 8 had achieved cost recovery for solid waste. [12]
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.
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.
It also administers various welfare schemes for central government pensioners, i.e., redressal for Pensioners' grievances through CPENGRAM, an online pension sanction module for civil pensioners "Bhavishya", Sankalp, etc., under the umbrella of Pensioners' Portal.
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