direct tax


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Related to direct tax: indirect tax, income tax

direct tax

a tax paid by the person or organization on which it is levied
Collins Discovery Encyclopedia, 1st edition © HarperCollins Publishers 2005
References in periodicals archive ?
"The provisional figures of direct tax collections up to December, 2018 show that gross collections are at Rs 8.74 lakh crore which is 14.1 percent higher than the gross collections for the corresponding period of last year,?
While in the developing countries indirect plays a major role while direct taxes have restricted scope.
FBR said in its reply that Rs 1393 billion were collected under direct tax during the fiscal year 2016-17.
The incumbent PML-N has been vowing to improve the direct tax collection for the last five years.
This meant the WHT had a 67pc share in gross direct tax collection of Rs1.4 trillion followed by Rs370bn of voluntary payments.
They are illustrated further by the common political technique of opposing a regulation or an indirect tax by assailing it as a form of immoral direct tax. (198)
Income tax is a direct tax. It is borne by the person who has a taxable income.
Shah Mahmood Qureshi advocated widening base for direct taxes so as to pull the poor out of poverty crisis.
But James Madison--then a Virginia congressman--claimed that the tax was a direct tax because it was not on the use but against everyone who "kept" a carriage, regardless of whether it was used.
Withholding tax makes the largest contribution to direct tax collection.
ISLAMABAD: The Federal Board of Revenue (FBR) has surpassed the minimum tax collection benchmark of Rs 1.25 trillion for the outgoing fiscal year 2009-2010 and provisionally collected Rs 1.252 trillion in July 2009 - June 23 2010 period, as compared to Rs 1.090 trillion in the corresponding period of last fiscal year, reflecting growth of 14.9 percent, informed FBR Member Direct Tax Policy and official spokesman, Israr Rauf, Daily Times here on Thursday.
"The first tier is not a court of record and decisions are not binding on other cases; the upper tier though will set precedence rather in the manner of the old direct tax Special Commissioners."

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