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Local Body Tax (LBT) is a levy that traders have to pay the local municipal corporation for goods imported to the state. It is an account-based tax for every raw material used or imported into the city's limits by all businesses, traders and manufacturers and replaces traditional tax collections.
Kerala is a state on the southwestern coast of India. It is known for its high literacy rate, low infant mortality rate, and long life expectancy. Following the 73rd and 74th amendment (both in 1992) of the Constitution of India which entrusted states with establishing Panchayati Raj institutions and Urban Local Bodies for devolution of powers, the Kerala government enacted the Kerala ...
[1] [2] The department is responsible for the implementation of rural development and welfare schemes and facilitates Panchayat administration in the rural. [3] The department is responsible for implementing programmes to reach the localisation sustainable development goals by 2030 as laid down by United Nations .
The company also manages the Tax Information Network (TIN) for the Income Tax Department, Government of India. [12] As part of this system, Protean facilitates the issuance of Permanent Account Number (PAN) cards and enables electronic submission of Tax Deducted at Source (TDS) returns, along with assisting banks in uploading tax payment data ...
A municipal corporation is a type of local government in India which administers urban areas with a population of more than one million. The growing population and urbanization of various Indian cities highlighted the need for a type of local governing body that could provide services such as healthcare, education, housing and transport by collecting property taxes and administering grants ...
The tax is usually accompanied by a number of service taxes, e.g., water tax, drainage tax, conservancy (sanitation) tax, lighting tax, all using the same tax base. The rate structure is flat on rural (panchayat) properties, but in the urban (municipal) areas it is mildly progressive with about 80% of assessments falling in the first two slabs.
The income of the panchayat samiti comes from: [10] [11] [12] Land and water use taxes, professional taxes, liquor taxes and others; Income-generating programmes; Grants-in-aid and loans from the state government and the local zila parishad; Voluntary contributions; For many panchayat samiti, the main source of income is state-aid. For others ...
At the village level, Panchayat Raj institutions are commonly referred to as gram panchayats in most states. These gram panchayats or village panchayats are responsible for the administration and governance of rural areas at the grassroots level. The block or tehsil level Panchayat Raj institutions are known by different names in different states.