Question

Mention sources of the income of local bodies. ​

Answer 1

Question :-

• Mention sources of the income of local bodies.

Answer :-

• Local government revenue comes from property, sales, and other taxes; charges and fees; and transfers from federal and state governments.

Some important points :-

1. Property Tax including Surcharge on Property Tax.
2. Tax on Trade, Profession & Calling.
3. Tax on Advertisement.
4. Service Charges on Central Govt. Properties.
5. Tax on Carriages.
6. Tax on Carts.