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Local Body Tax
Local Body Tax, popularly known by its abbreviation as LBT, is the tax imposed by the local civic bodies of India on the entry of goods into a local area for consumption, use or sale therein. 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."'' 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 India. The LBT is now partially abolished as of August 1, 2015. History and implementation The tax supersedes the "octroi" and "Cess" system of taxing. The octroi system, which originates from the ancient Roman times, levied tax on the goods while they entered the limits of the civic body. In it, the trucks or goods carriers had to pay tax while they entered the city limits at the octroi check posts. , the Indian state of Maharashtra and one state in the N ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Municipalities Of India
A municipality is usually a single administrative division having corporate status and powers of self-government or jurisdiction as granted by national and regional laws to which it is subordinate. The term ''municipality'' may also mean the governing body of a given municipality. A municipality is a general-purpose administrative subdivision, as opposed to a special-purpose district. The term is derived from French and Latin . The English word ''municipality'' derives from the Latin social contract (derived from a word meaning "duty holders"), referring to the Latin communities that supplied Rome with troops in exchange for their own incorporation into the Roman state (granting Roman citizenship to the inhabitants) while permitting the communities to retain their own local governments (a limited autonomy). A municipality can be any political jurisdiction, from a sovereign state such as the Principality of Monaco, to a small village such as West Hampton Dunes, New York. The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Prithviraj Chavan
Prithviraj Chavan () (born 17 March 1946) is an Indian politician who was the 17th Chief Minister of Maharashtra, a state in Western India. Chavan is a graduate of the Birla Institute of Technology and Science, Pilani and University of California, Berkeley in mechanical engineering. He spent time working in the field of aircraft instrumentation and designing audio recorders for anti-submarine warfare in the US before returning to India and becoming an entrepreneur in 1974. Referred to in the media as a technocrat with a clean, non-controversial image, a low-profile leader. Chavan served as the Minister of State in the Prime Minister's Office in the Ministry of Parliamentary Affairs and Ministry of Personnel, Public Grievances, and Pensions. Chavan was also General Secretary of the All-India Congress Committee (AICC), in-charge of many states, including Jammu and Kashmir, Karnataka, Haryana, Gujarat, Tripura, and Arunachal Pradesh. Chavan was drawn into politics after meet ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Bhiwandi-Nizampur Municipal Corporation
Bhiwandi-Nizampur City Municipal Corporation is a civic body formed after dissolution of "BNCMC" (Bhiwandi-Nizampur City Municipal Council) into a Corporation by an act of Government Of Maharashtra in 2002 to administer the industrial township of Bhiwandi, which is a city in Thane district in the Indian state of Maharashtra. Municipal Corporation mechanism in India was introduced during British Rule with formation of municipal corporation in Madras (Chennai) in 1688, later followed by municipal corporations in Bombay (Mumbai) and Calcutta (Kolkata) by 1762. Bhiwandi-Nizampur Municipal Corporation is headed by Mayor of city and governed by Commissioner. Bhiwandi-Nizampur Municipal Corporation has been formed with functions to improve the infrastructure of town. The combined population of Bhiwandi-Nizampur and Bhiwandi was 709,665 at the 2011 census A census is the procedure of systematically acquiring, recording and calculating information about the members of a given populat ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Thane Municipal Corporation
Thane Municipal Corporation is the governing body of the city of Thane in the Indian state of Maharashtra. The municipal corporation consisting of democratically elected members, is headed by a mayor and administers the city's infrastructure, public services and transport. Members from the nation's and state's leading political parties such as the Nationalist Congress Party, Indian National Congress, Shiv Sena, Bhartiya Janata Party and the Maharashtra Navnirman Sena hold elected offices in the corporation. The TMC has jurisdiction over the towns of Kalwa, and Mumbra-Kausa Kausa is a suburb of Mumbra in Thane District in the state of Maharashtra in India. It is administered by the Thane Municipal Corporation. Kausa is considered as the planned part of mumbra With (TMC) complexes giving it the best infrastructure ..., along with the main city of Thane. Thane Municipal Corporation has been formed with functions to improve the infrastructure of town. Taxes in Thane The ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Indian Express
''The Indian Express'' is an English-language Indian daily newspaper founded in 1932. It is published in Mumbai by the Indian Express Group. In 1999, eight years after the group's founder Ramnath Goenka's death in 1991, the group was split between the family members. The southern editions took the name ''The New Indian Express'', while the northern editions, based in Mumbai, retained the original ''Indian Express'' name with ''"The"'' prefixed to the title. History In 1932, the ''Indian Express'' was started by an Ayurvedic doctor, P. Varadarajulu Naidu, at Chennai, being published by his "Tamil Nadu" press. Soon under financial difficulties, he sold the newspaper to Swaminathan Sadanand, the founder of ''The Free Press Journal'', a national news agency. In 1933, the ''Indian Express'' opened its second office in Madurai, launching the Tamil edition, '' Dinamani''. Sadanand introduced several innovations and reduced the price of the newspaper. Faced with financial difficultie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Daily News And Analysis
Publications established in 2005 Newspapers published in Mumbai English-language newspapers published in India Daily newspapers published in India Essel Group 2005 establishments in Maharashtra ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Ahmedabad Municipal Corporation
The Amdavad Municipal Corporation, or the AMC, established in July 1950 under the Bombay Provincial Corporation Act (1949), is responsible for the civic infrastructure and administration of the city of Ahmedabad. History On 21 April 1831, the collector of the city, Mr. Bordel formed 'Town Wall Fund Committee' comprising the citizens of Ahmedabad with aim of raising fund to repair and renovate the fort of Ahmedabad damaged in floods. The committee levied 1% tax on the sale of various commodities such as ghee. It raised 2 lakh rupees and repaired the fort. The Ahmedabad Municipality was founded in 1873.Cases in Financial Management, 2/E By Pandey & Bhat; pp-7 The British Government nominated Ranchhodlal Chhotalal as the first president of the municipality on 15 September 1885. The republic municipality was formed on 1 April 1915. Bhaishankar Nanabhai was the first elected president of the municipality. Ahmedabad Borough Municipality came into existence in 1925–26. In 1935, th ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Value-added Taxation In India
VAT was introduced very beginning in year on year value added tax (VAT) into the Indian taxation system from 1 April 2005. The existing general rules and citations very usefulsales tax laws were replaced with the Value Added Tax Act (2005) and associated VAT rules. A few states (Gujarat, Tamil Nadu, Rajasthan, Madhya Pradesh, Chhattisgarh, Jharkhand, Uttarakhand and Uttar Pradesh) opted to stay out of VAT taxation system during the initial introduction of VAT but adopted it later. As of 2 June 2014, VAT has been implemented in all the states and union territories of India except Pondicherry, Andaman and Nicobar Islands and Lakshadweep Island. History The OECD (2008, 112–13) cites Chanchal Kumar Sharma (2005) to answer why it has proved so difficult to implement a federal VAT in India. The book claims that although the implementation of a broad-based federal VAT was considered as the most desirable consumption tax for India since the early 1990s, such a reform would involve ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Gujarat
Gujarat (, ) is a state along the western coast of India. Its coastline of about is the longest in the country, most of which lies on the Kathiawar peninsula. Gujarat is the fifth-largest Indian state by area, covering some ; and the ninth-most populous state, with a population of 60.4 million. It is bordered by Rajasthan to the northeast, Dadra and Nagar Haveli and Daman and Diu to the south, Maharashtra to the southeast, Madhya Pradesh to the east, and the Arabian Sea and the Pakistani province of Sindh to the west. Gujarat's capital city is Gandhinagar, while its largest city is Ahmedabad. The Gujaratis are indigenous to the state and their language, Gujarati, is the state's official language. The state encompasses 23 sites of the ancient Indus Valley civilisation (more than any other state). The most important sites are Lothal (the world's first dry dock), Dholavira (the fifth largest site), and Gola Dhoro (where 5 uncommon seals were found). Lothal i ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Lakh
A lakh (; abbreviated L; sometimes written lac) is a unit in the Indian numbering system equal to one hundred thousand (100,000; scientific notation: 105). In the Indian 2,2,3 convention of digit grouping, it is written as 1,00,000. For example, in India, 150,000 rupees becomes 1.5 ''lakh'' rupees, written as 1,50,000 or INR 1,50,000. It is widely used both in official and other contexts in Afghanistan, Bangladesh, Bhutan, India, Myanmar, Nepal, Pakistan, and Sri Lanka. It is often used in Bangladeshi, Indian, Pakistani, and Sri Lankan English. Usage In Indian English, the word is used both as an attributive and non-attributive noun with either an unmarked or marked ("-s") plural, respectively. For example: "1 ''lakh'' people"; "''lakhs'' of people"; "20 ''lakh'' rupees"; "''lakhs'' of rupees". In the abbreviated form, usage such as "5L" or "5 lac" (for "5 ''lakh'' rupees") is common. In this system of numeration, 100 ''lakh'' is called one '' crore'' and is equa ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Pimpri-Chinchwad
Pimpri Chinchwad, Pune is the northwestern city limits of Pune, India. Geographically, it is located at an altitude above sea level, at a distance of about northwest of its historic centre. The neighbourhood is home to extensive industry and is well known for its automotive, IT and manufacturing industry. History The first reference to Pune region is found in two copper plates dated to 758 and 768 AD, issued by Rashtrakuta ruler Krishna I. The plates are called "Puny Vishaya" and "Punaka Vishaya" respectively. The plates mention areas around Pune such as Theur, Uruli, Khed, Dapodi, and also Bhosari, now part of the city. Chinchwad is noted for the shrine of Morya Gosavi, a prominent saint of the Ganapatya denomination of Hinduism that worships Lord Ganesha as the Supreme Being or its metaphysical concept of Brahman. Various sources place Moraya Gosavi between the 13th and 17th centuries CE. The inscription on the temple records that its construction began in 1658 CE. ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Nagpur
Nagpur (pronunciation: Help:IPA/Marathi, [naːɡpuːɾ]) is the third largest city and the winter capital of the Indian state of Maharashtra. It is the 13th largest city in India by population and according to an Oxford's Economics report, Nagpur is projected to be the fifth fastest growing city in the world from 2019 to 2035 with an average growth of 8.41%. It has been proposed as one of the Smart Cities Mission, Smart Cities in Maharashtra and is one of the top ten cities in India in Smart Cities Mission, Smart City Project execution. In the latest rankings of 100 developing smart cities given by the Union Ministry of Urban Development (Maharashtra), Ministry of Urban Development, Nagpur stood first in Maharashtra state and second in India. Known as the "Orange City", Nagpur has officially become the greenest, safest and most technologically developed city in the Maharashtra state. Nagpur is the seat of the annual Winter Session of Maharashtra State Assembly, winter session ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
