Direct Tax

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Direct Tax

A charge levied by the government upon property, which is determined by its financial worth.

A direct tax is usually a property tax or ad valorem tax, as opposed to an indirect tax imposed upon some right or privilege, such as a franchise tax.

References in periodicals archive ?
at 285 (quoting John Page as distinguishing a duty of tonnage from direct taxes and supported a tonnage law to avoid direct taxes); id.
The fixed rule accepted by the convention is found in the two clauses of the Constitution that require direct taxes to be apportioned among the states on the basis of population.
Just as the United States stands nearly alone in relying on direct taxes on net income that cannot be adjusted at the border, it also stands nearly alone with a nonintegrated corporate income tax that greatly increases the cost of capital and distorts the preference for debt over equity -- a matter that has been much in the news in recent days.
Direct taxes account for about 70% of overall national and local tax revenues, Shiokawa said.
Finance Minister Masajuro Shiokawa said Friday he hopes to raise indirect taxes, such as asset taxes, and reduce the burden of direct taxes in a comprehensive tax reform plan to be launched later in the month.
5 (ANI): Responding to frequent queries regarding taxation of long-term capital gains as proposed in the Finance Bill, 2018, the Central Board of Direct Taxes (CBDT) on Sunday gave answers in the form of Frequently Asked Questions or FAQs.
Direct taxes target has been revised downward from Rs 932,000 billion to Rs 809.
FINANCE minister Pranab Mukherjee on Wednesday said the government would soon come out with the new draft of the direct taxes code ( DTC) after incorporating changes based on feedback from corporates and individuals on the earlier draft.
3 percent of the total budget estimates of direct taxes for F.
In an internal meeting of the Central Board of Direct Taxes (CBDT), the FM addressed 48 chief commissioners and directors general of income tax through video conferencing.
We have still ten-day left of the current month to meet the target set for the quarter, remarked Asrar Rauf, Member Direct Taxes while talking to reporter here on Wednesday.