Property Tax

Municipal Taxes in India

March 30, 2017

In India municipal corporations or urban local bodies (ULB’s) levy two types of taxes viz. Property tax and Professional tax.  Property tax is an annual amount paid by a land owner to the municipal corporation of his/her area. The municipal corporation assesses and imposes the property tax...

Merits and Demerits of Direct Taxes

November 23, 2015

There are different types of direct taxes such as Income Tax, Corporate Tax, Inheritance Tax, Property Tax, Wealth Tax (abolished now in India), Capital Gains Tax etc. Merits The key merits of the direct taxes are as follows: Progressive Tax The direct taxes follow the principle of...

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