1.Explain the composition of Municipal Corporation? Explain the various sources of funds for
Municipal Corporation
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Water supply bills.
Property taxes.
Rents from municipal corporation-owned markets, houses, plazas, etc.
Taxes from commercial vehicles registered in the city.
Grants provided by the respective state governments.
A municipal corporation is the legal term for a local governing body, including (but not necessarily limited to) cities, counties, towns, townships, charter townships, villages, and boroughs.[1] The term can also be used to describe municipally owned corporations.
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