Question

Lust the different sources of income of municipal corporation

Answer 1

Answer:

Its sources of income are taxes on water, houses, markets and vehicles (commercial only)paid by residents of the town and grants from the state government.

Answer 2

Answer:

• The Municipal Corporation undertakes all the public facilities and welfare works

and these works require funds, so it collects revenue from the residents living in  its corporation area.

• The different sources of income of a Municipal Corporation/Council for carrying  its different functions are:

• Property taxes, which account for nearly 25-30 percent of its earning.

• Taxes on the provision of different amenities like education

• Taxes on hotels and shops

• Taxes on movie tickets.

Explanation: