Levy And Collect - Law Dictionary Search Results
Collect
Collect, the word collect in Art. 265 would mean the physical realisation of the tax which is levied or imposed. Collection of tax is normally a stage subsequent to the levy of the same, Somaiya Organics (India) Ltd. v. State of Uttar Pradesh, AIR 2001 SC 1723 (1732). (Constitution of India, Art. 265)...
Collecting government
Collecting government, means the Central Government or, as the case may be, the State Government which is entitled to collect the duties levied under this Act. [Medicinal and Toilet Preparations (Excise Duties) Act, 1955, s. 2 (b)...
Tax and imposition of tax
Tax and imposition of tax, there is a difference between the tax and the imposition of the tax. The former is the levy itself and the latter the method by which the levy is imposed and collected, Municipal Board v. Raghuvendra Kripal, AIR 1966 SC 693 (696): (1966) 1 SCR 950....
This Act
This Act, means the entire Act, Bhatia International v. Bulk Trading S.A., (2002) 4 SCC 105.The words 'this Act' refer to the principal Act in which s. 3 (2) is inserted by virtue of the amend-ment, and that Act, by virtue of s. 2(2) as amended, must be deemed to have come into force on January 26, 1950, Gurcharan Singh v. V.K. Kaushal, AIR 1980 SC 1866 (1870): (1980) 4 SCC 244: (1981) 1 SCR 490.The words 'This Act' in expression 'notwithstand-ing anything to the contrary in this Act' in s. 8 of the principal Act was used because when the principal Act was enacted s. 8 could apply only to the liability under that Act. But now when s. 8 has been made also applicable to the levy, assessment and collection of the additional tax under the Act by virtue of s. 3(2) thereof, the words 'this Act' cannot be used to confine the operation of s. 8 to the tax payable under principal Act alone, for by so doing many of the provisions of the principal Act which are necessary for making the levy under ...
Imposition of tax
Imposition of tax, imposition of Tax is the method by which the levy is imposed and collected, Municipal Board, Hapur v. Raghuvendra Kripal, AIR 1960 SC 693 (696): (1960) 1 SCR 950...
Leviable
Fit to be levied capable of being assessed and collected as sums leviable by course of law...
jeopardy assessment
jeopardy assessment : a special immediate assessment of an alleged tax deficiency levied under federal law when a taxing officer believes that delay may jeopardize collection of the claim ...
sales tax
sales tax : a tax levied on the sale of goods and services that is usually calculated as a percentage of the purchase price and collected by the seller ...
Peter-pence
Peter-pence, an ancient levy or tax of a penny on each house throughout England paid to the Pope, called Peter-pence, because collected on the day of St. Peter ad vincula. Abolished by 25 Hen. 8, c. 21....
Fee
Fee [fr. feoh, Sax.; fee, Dan., cattle; feudum, Med. Lat.; feu, Scot.], property peculiar; reward or recom-pense for services. See FEES. Also an estate of inheritance divided into there species: (1) fee-simple absolute; (2) qualified or conditional or base fee, including (3) fee-tail, formerly fee-conditional. By the (English) Law of Properties Act, 1925, s. 1, a fee-simple absolute in possession and a term of years absolute are the only estates in land capable of being conveyed or created at law. All other estates in land take effect as equitable interests [ibid., s. 1 (4)]. See FEE-SIMPLE.A charge for labour or services esp. professional services; Black's Law Dictionary, 7th Edn., p. 629.A 'fee' is generally defined to be a charge for a special service rendered to individuals by some governmental agency. The distinction between a tax and a fee lies primarily in the fact that a tax is levied as a part of a common burden, while a fee is a payment for a special benefit or privilege, Com...
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