Gram Panchayats are responsible for the overall development of the village and play a key role in providing basic services. What are the sources of funds required for Panchayat to carry out these works effectively?
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The main sources of income for Panchayats are local cess, house tax, profession tax, vehicle tax, duty on transfers of property, a portion of entertainments tax, house tax, matching grant and development rates levied under Section 119(3) of the Madras Panchayats Act, 1958.
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