Amendment status not verified — confirm the current text below against the official source.
(1) Subject to such rules as may be made in this behalf, a Gram Panchayat shall impose yearly— (a) on lands and buildings within the local limits of its jurisdiction, a tax at the rate of two per centum of the annual value of such lands and buildings to be paid by the owners and occupiers ther of; (b) on professions, trades, callings and employments carried on or held within the local limits of its jurisdiction, a tax on the basis of the total annual income accrued from such professions, trades, callings and employments, subject to a maximum of two hundred and fifty rupees per annum in respect of any one person. (2) The following lands and buildings shall be exempted from imposition of tax under sub-section (1), namely:— (a) lands and buildings, the annual value of which is not more than fifty rupees; 292 The West Bengal Panchayat Act, 1973. XLI of 1973.] (Part IL—Gram Panchayat.—Chapter VI—Property and Fund.—Section 46.) (b) lands and buildings belonging to a local authority and used or intended to be used exclusively for a public purpose and not used on intended to be used for purposes of profits; (c) lands and buildings used exclusively for religious, educational or charitable purposes. (3) The State Government may, by notification, exempt either wholly or in part any other class of properties or classes of properties specified in the notification from the taxes or rates leviable under this section. (4) The tax payable under this Act by any person in the employment of any Government, local authority, company, firm or other association of persons shall, in the manner prescribed, be deducted by the Principal Officer thereof from any amount payable to such person on behalf of such Government, local authority, company, firm or other association of persons and the Principal Officer shall deliver the amount in the manner prescribed to the Gram Panchayat concerned. (5) Subject to such rules as may be made in this behalf a Gram Panchayat shall levy— (a) on all transfers of immovable property situated within the local limits of the Gram, a duty in the shape of an additional stamp duty at the rate of two per centum or, as the case may be, the amount of the consideration for the sale, the value of the property in the case of a gift, the amount secured by the mortgage, the value of the property of the greater value in the case of exchange, or the value of the rent for the first ten years in the case of a lease, as set forth in the instrument; (b) a duty in the shape of an additional stamp duty at the rate of ten per centum on all payments for admission to any entertainment. (6) The State Government may make rules for regulating the collection of the duty on transfers of immovable property and duty on entertainment referred to in sub-section (5), the payment thereof to the Gram Panchayat and the deduction of any expenses incurred by the State Government in the collection thereof. Explanation.—In this section,— (a) "annual value", in relation to any land or buildings, means an amount equal to six per centum of the market value of such land or buildings at the time of assessment estimated in the prescribed manner; 293 The West Bengal Panchayat Act, 1973. [West Ben. Act (Part 11.—Gram Panchayat.—Chapter VI.—Property and Fund.—Sections 47-48.) (b) "entertainment" includes any exhibition, cinematograph exhibition, performance, amusement, games or sports to which persons are admitted for payment; (c) "Principal Officer" means with reference to— (i) a Government, the Head of the Department, (ii) a local authority, company, firm or other association of persons, the Chairman, Secretary, Treasurer, Manager, or Agent of such local authority, company, firm or other association of persons. Levy of rates and fees. Budget of the Gram Panchayat.