THERE IS ONLY ONE SOURCE OF INCOME FOR THE BANK .I.E. THE DIFFERENCE BETWEEN WHAT IS PAID TO THE LENDER AND WHAT IS TAKEN FROM THE BORROWER .
2. Bank invest in many government and rated securities and earn interest and dividends from these investments.
After the subsumption of several local taxes (octroi, entry tax, local body tax, advertisements tax) under the Goods and Services Tax (GST), property tax has become the mainstay of Municipal Corporations.
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The taxes imposed by the Village Panchayats are important source of income of Gram Panchayats, such as: Taxes on land and houses,the custom duty,the toll tax,License fees on transport and communication etc
Money comes as grants-in-aid from the Central or the State Government or from the Zilla Parishad or Panchayat Samiti. Also, the Panchayat gets loan from Central government, the State government and other financial agencies.
Personal Service Income Personal services income (PSI) is income produced mainly from your personal skills or efforts as an individual. You can receive PSI in almost any industry, trade or profession. However, some common examples include financial situation
over draft and discounting of bill facility to their customers