An Act for the Assessment and Collection of Direct Taxes and Internal Duties
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An Act for the Assessment and Collection of Direct Taxes and Internal Duties by United States. Congress. Senate

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Published by s.n. in [Washington .
Written in English


  • Tax collection -- United States.,
  • Internal revenue law -- United States.

Book details:

Edition Notes

SeriesEarly American imprints -- no. 30003.
The Physical Object
Pagination35 p.
Number of Pages35
ID Numbers
Open LibraryOL15584296M

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intending the collection of internal duties, stamp duties, licenses, or taxes, Conmmissioner ofinternal reve-imposed by this act, or which may hereafter be imposed, and of assessing e. the same, the commissioner of internal revenue, whose annual salary shall Salary. Get this from a library! Regulations for assistant assessors in the execution of their duty, under the act of July 22d, , for the assessment and collection of direct taxes and internal duties.   Under each name were recorded the value, assessment (or enumeration of taxable income or items), and the amount of duty or tax due. Reflecting the government's need for money and the difficulty of collecting income taxes, the Internal Revenue Act of J (13 Stat. ), raised tax rates and put some teeth into the law. Income tax Act The Income-tax Act, is the charging Statute of Income Tax in India. It provides for levy, administration, collection and recovery of Income Tax. Author(s): Government of India.

Indirect taxes included tonnage duties, import and export duties, and excises. In New Netherlands, the chief direct tax was the tithe, a tax on land amounting to one-tenth of the annual harvest following an initial year exemption. As settlements were few and far between, little revenue was collected. Definition: Direct tax is a type of tax where the incidence and impact of taxation fall on the same entity. Description: In the case of direct tax, the burden can’t be shifted by the taxpayer to someone are largely taxes on income or wealth. Income tax, corporation tax, property tax, inheritance tax and gift tax are examples of direct tax. The Direct Tax Laws Act, has brought far-reaching changes in the organizational structure. The implementation of the Act lies in the hands of these authorities. The change in designation of certain authorities and creation of certain new posts in the structure are the main features of amendments made by The Direct Tax Laws Act, The Current National Tax Policy Bill and remaining four Tax Bills should be passed into laws by the National Assembly. The collection and Administration of Personal Income Tax, other Taxes and levies (in the approved list of collection) Act should be removed from the first schedule of the “FIRS (Establishment Act) ” to conform with our fiscal federalism.

Unpaid Assessments Program Scope and Objectives Purpose: This IRM provides guidance and responsibilities for the Unpaid Assessment (UA) portion of the IRS financial statement estimate of net tax receivables through the estimations process and guidance on categorization and collectibility to ensure the annual IRS financial statement is accurate. - The Bureau of Internal Revenue shall be under the supervision and control of the Department of Finance and its powers and duties shall comprehend the assessment and collection of all national internal revenue taxes, fees, and charges, and the enforcement of all forfeitures, penalties, and fines connected therewith, including the execution of.   This section of the IRS Data Book presents information on collections and penalties resulting from individuals’ or entities’ failure to comply with the tax code. Failure to comply with filing, reporting and payment requirements may result in civil penalties or, in some cases, criminal investigation. IRS’s Collection function collects Federal taxes that have been reported or assessed but. IRC § provides that whenever any person is required to collect or withhold any internal revenue taxes from any other person and to pay over such tax to the United States, the amount of the tax shall be held in a special trust fund for the United States. Trust fund taxes include employment taxes and certain types of excise taxes.