a direct tax is a tax imposed upon a person or property as distinct from a tax imposed upon a transaction, which is described as an indirect tax. There...
22 KB (2,813 words) - 22:52, 26 August 2024
Taxation in India (redirect from Direct Tax in India)
Nonetheless, tax evasion is a massive problem in India, ultimately catalyzing various negative effects on the country. In 2023–24, the Direct tax collections...
30 KB (3,252 words) - 10:54, 25 August 2024
Income-tax Act, 1961. Income-tax law consists of the 1961 act, Income Tax Rules 1962, Notifications and Circulars issued by the Central Board of Direct Taxes...
27 KB (2,663 words) - 10:20, 8 October 2024
An indirect tax (such as a sales tax, per unit tax, value-added tax (VAT), excise tax, consumption tax, or tariff) is a tax that is levied upon goods...
32 KB (4,526 words) - 23:47, 11 October 2024
Board of Direct Taxes (CBDT) is the senior-most IRS (IT) civil servant in the Government of India. The Chairperson of Central Board of Direct Taxes (CBDT)...
12 KB (524 words) - 15:02, 22 July 2024
Indian Revenue Service (redirect from Central Board of Indirect Taxes and Customs)
that is primarily responsible for collecting and administering direct and indirect taxes. As a central civil service under Group A of the executive branch...
35 KB (3,055 words) - 14:57, 10 October 2024
correct tax allowances and tax relief. The first known taxation took place in Ancient Egypt around 3000–2800 BC. Taxes consist of direct or indirect taxes and...
110 KB (14,354 words) - 06:06, 9 October 2024
Federal Direct Tax (FTA) is a Swiss direct income tax. It is the main source of revenue for the federal government, followed by the value-added tax (VAT)...
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Taxation in Switzerland (redirect from Tax in Switzerland)
also levy taxes. The extent of that authority varies from canton to canton. While the formal framework of the most important cantonal direct taxes has been...
38 KB (3,312 words) - 14:45, 9 August 2024
administering direct taxes accruing to the Government of India. The IRS (Income Tax) is controlled by a statutory body, the Central Board of Direct Taxes (CBDT)...
25 KB (2,175 words) - 14:20, 10 October 2024
The Income Tax Department (also referred to as IT Department; abbreviated as ITD) is a government agency undertaking direct tax collection of the government...
45 KB (4,002 words) - 14:44, 29 September 2024
A poll tax, also known as head tax or capitation, is a tax levied as a fixed sum on every liable individual (typically every adult), without reference...
47 KB (5,779 words) - 01:38, 8 August 2024
A wealth tax (also called a capital tax or equity tax) is a tax on an entity's holdings of assets or an entity's net worth. This includes the total value...
66 KB (8,254 words) - 13:14, 24 September 2024
National Academy of Direct Taxes (NADT) is the apex civil service training institution of the Indian Revenue Service and the Income Tax Department of the...
14 KB (1,727 words) - 20:32, 26 August 2024
History of taxation in the United States (redirect from United States tax history)
1, Section 9 defines a direct tax. The Sixteenth Amendment to the United States Constitution did not create a new tax. Taxes were low at the local, colonial...
55 KB (7,277 words) - 01:23, 1 September 2024
A corporate tax, also called corporation tax or company tax, is a type of direct tax levied on the income or capital of corporations and other similar...
51 KB (5,683 words) - 07:26, 11 October 2024
nation, and required that "direct taxes" be imposed only in proportion to the Census population of each state. Federal income tax was first introduced under...
25 KB (3,883 words) - 14:07, 3 July 2024
brought a draft statute called the "Direct Taxes Code" intended to replace the Income Tax Act, 1961 and the Wealth Tax Act, 1957. However the bill was later...
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Taxation in the United States (redirect from Tax law (US))
'Apportionment of Direct Taxes'", 80 Tax Notes 591 (Aug. 3, 1998); and Sheldon D. Pollack, "Origins of the Modern Income Tax, 1894–1913," 66 Tax Lawyer 295,...
119 KB (15,262 words) - 08:12, 5 May 2024
governments impose an income tax. They are determined by applying a tax rate, which may increase as income increases, to taxable income, which is the total...
140 KB (14,374 words) - 20:35, 9 September 2024
tax calculators mainly for direct taxes, such as income tax and corporate tax. Gradually some more complex and customized tax compliance software has been...
4 KB (509 words) - 21:56, 27 September 2024
Profession tax is the tax levied and collected by the state governments in India. It is a direct tax. A person earning an income from salary or anyone...
8 KB (1,153 words) - 07:15, 6 July 2024
Sixteenth Amendment to the United States Constitution (redirect from The Congress shall have power to lay and collect taxes on incomes, from whatever source derived, without apportionment among the several States, and without regard to any census or enumeration.)
certain taxes on incomes, such as those on property under the 1894 Act, to be unconstitutionally unapportioned direct taxes. The Court reasoned that a tax on...
45 KB (6,207 words) - 02:39, 24 June 2024
Taxation in Norway (redirect from Tax in Norway)
2012 the total tax revenue was 42.2% of the gross domestic product (GDP). Many direct and indirect taxes exist. The most important taxes – in terms of...
46 KB (4,875 words) - 10:30, 19 January 2024
Taxation in France (redirect from French tax law)
local taxes. The most important are the direct taxes. The local direct taxes are the oldest taxes in the French tax system, as they succeed to direct contributions...
55 KB (7,290 words) - 17:01, 26 July 2024
Excise (redirect from Excise tax)
An excise, or excise tax, is any duty on manufactured goods that is normally levied at the moment of manufacture for internal consumption rather than...
49 KB (6,968 words) - 00:22, 11 September 2024
income tax is a tax imposed on individuals or entities (taxpayers) in respect of the income or profits earned by them (commonly called taxable income)...
45 KB (5,180 words) - 03:43, 28 September 2024
Law of India (redirect from Indian tax law)
law relating to Income Tax and Wealth Tax, the new proposed legislation is called the Direct Taxes Code (to become the Direct Taxes Code, Act 2010). Act...
44 KB (5,486 words) - 14:25, 10 October 2024
of direct taxes and the uniformity of indirect taxes, the origination of revenue bills within the House of Representatives, the disallowal of taxes on...
44 KB (5,615 words) - 02:18, 24 June 2024
Taxation in Canada (redirect from Tax in canada)
have authorized municipal councils to levy specific types of direct tax, such as property tax. The powers of taxation are circumscribed by ss. 53 and 54...
61 KB (6,318 words) - 06:58, 16 November 2023