Section 113: Taxes to be imposed by the Corporation under this Act

(1) [[The Corporation]] shall, for the purposes of this Act, levy the following taxes, namely:—-

(a) property taxes;

(b) a tax on vehicles and animals;

(c) a theatre-tax;

(d) a tax on advertisements other than advertisements published in the newspapers;

(e) a duty on the transfer of property; and

(f) a tax on buildings payable along with the application for sanction of the building plan.

(2) In addition to the taxes specified in sub-section (1), [[the Corporation]] may, for the purposes of this Act, levy any of the following taxes, namely:—-

(a) an education cess;

(b) a local rate on land revenues;

(c) a tax on professions, trades, callings and employments;

(d) a tax on the consumption, [sale or supply] of electricity;

(e) a betterment tax on the increase in urban land values caused by the execution of any development or improvement work;

(f) a tax on boats; and

(g) tolls.

(3) The taxes specified in sub-section (1) sub-section (2) shall be levied, assessed and collected in accordance with the provisions of this Act and the bye-laws made thereunder.

[Explanation.In this Chapter, person shall, unless the context otherwise requires, include a company, a society registered under any law for the time being in force, an association of individuals, a partnership, and a Hindu undivided family.]