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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.
Direct tax in the form of an income tax was introduced by Sir James Wilson in India in 1860 to overcome the difficulties created by the Indian Rebellion of 1857. [12] The organisational history of the Income-tax Department, however, starts in the year 1922, when the Income-tax Act [4], 1922 gave, for the first time, a specific nomenclature to various Income-tax authorities.
The Central Board of Indirect Taxes and Customs (CBIC), formerly the Central Board of Excise and Customs, is a statutory body under the Department of Revenue, Government of India. It oversees the administration of indirect taxes , including customs duties, excise duties, and the Goods and Services Tax (GST).
The new millage rate will be 125.09 mills county wide. Hinds County Administrator Lure Berry and Graham both said the shortfall in revenue caused supervisors to take measures to ensure a balanced ...
Mumbai City District) (Legislative Council) 14 March 1995 31 January 1999 3 years, 323 days Shiv Sena: Joshi: Manohar Joshi: 24 Sudhir Joshi (MLC for Elected by MLAs Constituency No. 21 - Mumbai City District) (Legislative Council) 01 February 1999 11 May 1999 99 days Shiv Sena: Rane: Narayan Rane: 25 Narayan Rane (MLA for Malvan Constituency ...
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 Wealth Tax Act, 1957 was repealed in the year 2015.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.
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.
Since NBC News started documenting botched death notifications in Hinds County, Mississippi, the families of seven men have said they were not told of their loved ones' burials.