direct tax

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Related to Direct taxes: Indirect taxes

direct tax

a tax paid by the person or organization on which it is levied
References in periodicals archive ?
6 Documentary History, supra note 1, at 1469 (demanding amendment that "Congress do not lay direct Taxes but when the Monies arising from the Impost & Excise are insufficient" and requisitions first have been attempted).
The Central Board of Direct Taxes ( CBDT) in an order issued on August 7 said it has been brought to the notice of the Board that some officers or staff of the Income Tax department are leaving their stations/ headquarters early on Fridays, during weekend and holidays and joining their duties late on the next working
The ex Finance Minister from the cabinet of former Tsar and Prime Minister, Simeon Saxe-Coburg's party National Movement for Stability and Prosperity (NMSP), further explained direct taxes are easiest to hide while the indirect ones such as the Value Added Tax (VAT) and excise are harder to evade.
Collection of the direct taxes during January to March 2010 remained robust as compared with the same months of last year.
The report says that with the distinction between indirect and direct taxes becoming blurred, it was time for a review of WTO rules.
The strong emphasis at the outset on border tax adjustments, which usually are permitted for indirect taxes but not for direct taxes, highlights an important point.
Seriously though, 31% of those gasoline dollars go towards maintaining a robust and healthy state and federal bureaucracy through direct taxes on gasoline sales.
17 (ANI): India and Iran on Saturday signed an agreement for the avoidance of double taxation and the prevention of fiscal evasion with respect to taxes on income, Central Board of Direct Taxes (CBDT) revealed.
Panchayats in States like Kerala, Andhra Pradesh and Karnataka do collect some direct taxes while villages in States like Uttar Pradesh almost entirely depend on transfer funds.
Jaitley also hoped that revenue targets fixed for direct taxes, comprising income and corporate and wealth taxes, would not only be achieved but surpassed in the current fiscal.
2 percent in the revenue collection, Member Direct Taxes (Policy) and Spokesman FBR, Asrar Raouf told.