What is Delhi SAMRIDDHI Scheme?

Delhi Lieutenant-Governor Vinai Kumar Saxena launched the SAMRIDDHI 2022-23 scheme on October 26.  Key facts SAMRIDDHI is short for Strengthening and Augmentation of Municipal Revenue for Infrastructure Development in Delhi. It is implemented from October 26 to March 31, 2023. ..

Tags: Municipal Corporation of Delhi (MCD) • Property Tax • property tax structure

Month: Current Affairs - October, 2022

Category: Economy & Banking Current Affairs - 2022 • Government Schemes Current Affairs

Maharashtra government to exempt all serving and retired soldiers of Maharashtra from Gram Panchayat property tax

Rural development ministry of Maharashtra government announced exemption of Gram Panchayat property tax for all serving and retired soldiers in Maharashtra. The resolution has been issued on that matter. The moves have been taken to honor the soldiers who risk ..

Tags: Government of Maharashtra • Gram Panchayats • Panchayati Raj • Property Tax

Month: Current Affairs - August, 2020

Property Tax in India

The term ‘property’ stands for tangible real estate owned by a person. It includes houses, office places, rented out properties etc. Taxes are the primary source of income of the government and they determine the kind and amount of resources ..

Tags: Intangible property • Personal property • Property • Property law • Property Tax

What is the meaning of Capacity Cost?

Capacity Cost is known as the fixed expenditure faced by a company to expand its business reach and its potential to spread its operations. This does not change as the levels of production change and can only be slashed when ..

Tags: inventory cost • lease payment • Production level • Property Tax • rental payment

Municipal Taxes in India

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 ..

Tags: Panchayati Raj • Property Tax • Urban Local Bodies

Merits and Demerits of Direct Taxes

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 ..

Tags: Inheritance Tax • Progressive Taxation • Property Tax • Wealth Tax