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Local Body Tax, popularly known by its abbreviation as LBT, is the tax imposed by the local civic bodies of India on the entry of goods into a local area for consumption, use or sale therein. [1] 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 ...
Thus, when the Mayor receives or sees the guest off, he does it on behalf of all the citizens of Mumbai. Similarly, when the Mayor accords a civic reception or presents a civic address to a Monarch, or a President or a Prime Minister of any country, he does so in the name of the Mumbai Municipal Corporation and the citizens of Mumbai.
India has abolished multiple taxes with passage of time and imposed new ones. A few of these taxes include inheritance tax, [5] interest tax, gift tax, wealth tax, etc. Wealth Tax Act, 1957 was repealed in the year 2015. [6] Direct Taxes in India were governed by two major legislations, Income Tax Act, 1961 and Wealth Tax Act, 1957.
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Mumbai Metropolitan Region (ISO: Muṁbaī Mahānagara Pradēśa; abbreviated to MMR and previously also known as Greater Bombay Metropolitan Area), [6] [7] is a metropolitan area consisting of Mumbai and its satellite towns in the northern Konkan division of Maharashtra in western India.
It is one of the largest selling daily Marathi newspapers in the country and part of The Times of India group. According to the IRS 2005 survey, Maharashtra Times enjoys the second largest readership in Mumbai. Other than The Times of India, Maharashtra Times is the only newspaper in Mumbai which has more than one million readers in the city.