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Municipal Corporation of Delhi (MCD; ISO: Dillī Nagara Nigama) is the municipal corporation that governs most of Delhi, India. The MCD is among the largest municipal bodies in the world providing civic services to a population of about 20 million citizens in the capital city Delhi. [ 1 ]
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 ...
NDMC Smart City Limited is a strategic initiative by the New Delhi Municipal Council (NDMC) to develop New Delhi into a technologically advanced and sustainable urban area. Incorporated on July 28, 2016, as a Special Purpose Vehicle (SPV), it is wholly owned by NDMC and was established under the Smart Cities Mission of the Ministry of Urban ...
The tax is imposed based on the Entry 52 of the State List from the Schedule VII of the Constitution of India which reads; "Taxes on the entry of goods into a local area for consumption, use or sale therein." [24] The tax is to be paid by the trader to the civic bodies and the rules and regulations of these vary amongst different States in ...
The local governments are empowered by the state government to levy property tax and charge users for public utilities like water supply, sewage etc. [50] More than half of the revenues of the union and state governments come from taxes, of which 3/4 come from direct taxes. More than a quarter of the union government's tax revenues are shared ...
11 May 2023 A 5 judge Constitutional Bench of the Supreme Court ruled on the issue of who controls the bureaucracy in the national capital. The bench, headed by Chief Justice of India DY Chandrachud , held that the legislature (Elected Government) has control over bureaucrats in administration of services and control over officers' transfer and ...
In India states earn revenue through own taxes, central taxes, non-taxes and central grants. [1] For most states, own taxes form the largest part of the total state revenue. [1] Taxes as per the state list includes land revenue, taxes on agricultural income, electricity duty, luxury tax, entertainment tax and stamp duty. [2]
The main responsibility of the Income Tax Department is to enforce various direct tax laws, most important among these being the Income-tax Act, 1961, to collect revenue for the government of India. It also enforces other economic laws such as the Benami Transactions (Prohibition) Act, 1988 , [ 6 ] and the Black Money Act, 2015 .
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