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Relatedly, the social MCF is the basis for the conditions of an optimal tax system and optimal spending on public services. Thus, the outcome of a tax reform can be calculated using pre- and post-reform MCFs as well as price indices. Practically, MCFs can be calculated based on the tax rate and the elasticities of demand and supply.
DakshinaChitra ("a picture of the south") is a living-history museum in the Indian state of Tamil Nadu, dedicated to South Indian heritage and culture. It is located 25 kilometres (16 mi) to the south of Chennai. Opened to the public on 14 December 1996, the museum was founded and is being managed by the Madras Craft Foundation (MCF). The MCF ...
The protest was successful in convincing the government to repeal the house tax. The following year, a more limited version of the tax was instituted in three cities, but the assessment and spending of the tax was placed in the hands of Indian representatives. That reformed tax did not provoke vigorous protests. [1]: 335
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 goods into a local area for consumption, use or sale therein." [24] The tax is to be paid by the trader to the civic bodies and the rules and regulations of these vary amongst different States in ...
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.
Pages for logged out editors learn more. Contributions; Talk; Dakshinchitra
Tax deduction at source (TDS) has come into existence with the motive of collecting tax from different sources of income. As per this concept, a person (Payer) who is responsible to make payment of specified nature to any other person (Payee) shall deduct tax at source before making payment to such person (Payee) and remit the same into the account of the Central Government.
The Municipal Corporation of Faridabad (MCF) is the Municipal Corporation responsible for the city of Faridabad in Haryana state. Municipal Corporation mechanism in India was introduced during British Rule with formation of municipal corporation in Madras in 1688, later followed by municipal corporations in Bombay and Calcutta by 1762.Faridabad Municipal Corporation has been formed with ...