Ads
related to: marinette county property tax payment chennai income tax
Search results
Results From The WOW.Com Content Network
The department generates the highest tax revenue for the state government. [1] The core function of the department is two pronged: implementation of taxes on various commodities and services as laid out by various tax laws enacted by Government of India and the state government and to maximize the collection of taxes. [2]
Source of revenue for these local bodies are mainly from centre-state governments. Local bodies also have the power of taxation which include house tax, profession tax, property tax etc. Apart from these they levy fees for specific building plan and layout approvals, water charges, sewerage charges etc.
The department was established in 1803 by the Board of Revenue Regulation, 1803 by the British East India Company and was further modified through Revenue Recovery Act, 1864 during the British Raj. [1]
This is a list of the revenue divisions and taluks of Tamil Nadu, a southern state of India.These administrative units are classified based on the district. There are 38 districts in Tamil Nadu, and for revenue administration purposes, each district is divided into divisions, headed by a Revenue Divisional Officer (RDO), which are further divided into taluks. [1]
Composition of state and local tax revenues by sales taxes (brown), property taxes (white), licenses and other fees (grey), individual and corporate income taxes (green) in 2007. Determining the value of property is a critical aspect of property taxation, as such value determines the amount of tax due.
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.
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.
Recently, in another case, some IRS officials were found to help certain companies evade payment of Service tax and related penalties of the order of ₹ 1 crore. [19] Also CBI raided premises of an income tax officer for demanding Bribe to the tune of ₹ 60 crore for covering up Stock Guru Scam. [20]