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The Brihanmumbai Municipal Corporation (BMC), [4] or the Municipal Corporation of Greater Mumbai (MCGM) is the governing civic body of Mumbai, the capital city of Maharashtra. Salman Khan Is Now Brand Ambassador of BMC from 2016. [ 5 ]
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.
The tenure of the Mayor and Deputy Mayor is two and a half years. The Commissioner, a key figure in the local self-government, is the executive head. He is the final administrative authority for the local self-government of Mumbai. For administrative purposes, Greater Mumbai is divided into 7 zones, each consisting of 3 to 5 wards named ...
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If the installment plan is not your choice, the deadline for paying property taxes in full is Jan. 31, 2023. Payments can be made in person at any of the eight Tax Office locations. Operating ...
The Municipal Commissioner of Mumbai is the chief executive officer of the Brihanmumbai Municipal Corporation. Though the Mayor is the head of the house, his role is largely ceremonial and almost all powers are vested in the Commissioner . [ 1 ]
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 Wealth Tax Act, 1957 was repealed in the year 2015.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 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.