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Cuddalore City Municipal Corporation is the civic body governing city of Cuddalore in Indian state of Tamil Nadu. Municipal Corporation mechanism in India was introduced during British Rule with formation of municipal corporation in Madras ( Chennai ) in 1688, later followed by municipal corporations in Bombay ( Mumbai ) and Calcutta ( Kolkata ...
Chennai Corporation, which was established on 29 September 1688, is the oldest corporation in India and is the second oldest in the world after London. [2] Madurai Municipal Corporation was established in 1971 and Coimbatore Municipal Corporation in 1981. Three more were established in 1994 and the count remained at six till 2007.
Developmental administration is the main objective of these local bodies. [10] They are effected by the means of urban and rural local bodies. They are responsible for the implementation of various centrally sponsored, state-funded, and externally aided schemes for provision of basic amenities and other services to the people.
The tax is to be paid by a registered trader within 40 days. As per the rules, every trader whose annual turnover of purchase and sales of the goods included in the taxable schedule is not less than ₹ 5000 and if the annual turnover of purchase and sales of all the goods is not less than ₹ 1,00,000 (one lakh) is supposed to be registered with the local civic body i.e. municipality.
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 Central Board of Direct Taxes (CBDT) is a statutory body under the Department of Revenue, Ministry of Finance, Government of India. It oversees the administration of direct taxes, including income tax and corporate tax, through the Income Tax Department. The CBDT was constituted in 1964 under the Central Board of Revenue Act, 1963.
Chidambaram division is a revenue division in the Cuddalore district of Tamil Nadu, India. References "Map of Revenue divisions of Cuddalore district".
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 Wealth Tax Act, 1957 was repealed in the year 2015.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.