« Top Headlines » Open DEMAT Account in 24 hrs  Income Tax Calculator FY 2023-24: How To Know Your Tax Liability Online On IT Dept's Portal?  BackBack Income Tax Act amendment on cards on tax treatment of MSME dues  ITR-1, ITR-2, ITR-4 forms for FY 2023-24 available for e-filing. Check details here  Income tax slabs FY 2024-25: Experts share these 8 benefits for taxpayers in new income tax regime  How To File ITR Online - Step by Step Guide to Efile Income Tax Return, FY 2023-24 (AY 2024-25)  Old or new tax regime for TDS on salary? This post-election 2024 event will impact your tax planning  What Are 5 Heads Of Income Tax?  Income Tax Dept releases interim action plan for FY25 on tax collection, refund approvals   Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Income Tax Return: 5 lesser-known tax-saving tips from Section 80  Why you need not rush to file your ITR immediately «  Indian Govt Initiates Steps to Meet Tax Collection Targets... Tax sword looms on cross-border M&As... » Panel suggests tax on solid waste management services December, 19th 2008 With the aim of meeting financial resources for effective waste management services, a parliamentary panel has recommended imposition of tax for the services provided. At present there is no tax on waste management services. The Standing Committee on Urban Development has suggested that the possibility of levying direct tax for waste management services need to be explored since it is a common public utility like water and electricity. Urban India produces about 42 million tonnes of municipal solid waste annually and 1.15 lakh metric tonnes per day (TPD). Out of this 83,378 TPD is generated in 423 class-1 cities. Although urban local bodies (ULB) spend between Rs 500 and Rs 1,500 per tonne on solid waste management, less than five per cent of this amount is used for treatment and disposal waste after spending 60 per cent to 70 per cent on collection and 20 per cent to 30 per cent on transportation. The committee headed by Mohd Salim has recommended that the Urban Development Ministry should initiate steps for levying tax to generate more financial resources for treatment and disposal of waste. The 13-member committee has noted that lack of funds with ULBs has been identified as a major hindrance in proper solid waste management.