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Raj committee
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What is commodity tax?
This tax is 0.01 percent and it is assessed when trading non-agriculture commodity derivatives. It has the potential to affect the trading of metals, including gold and silver.
What was the economy like during the Persian Age?
It was based on trade and agriculture. Government economy was based on taxing the tributory states, which taxes paid for the defence of the empire and public works. It was not oppressive. After the defeat of the Persian invasion in 479 BCE the freed cities in Asia Minor and the islands had an Athenian set new taxes and he mostly recommended the Persian tax rates.
How is a tariff ad valorem calculated?
Ad valorem tax is a tax placed upon the value of real estate or personal property. Ad valorem is a Latin term meaning "according to value." This type of tax can be assessed on the item at the point of sale (a sales tax), on an annual basis (property taxes), or in conjunction with a major life event (inheritance tax). Most commonly in the United States, ad valorem tax refers to property tax or the tax that you have to pay per year on your real estate holdings. Find out the millage for your county or city, or both, by contacting the tax office. This is the percentage that your land is taxed.Multiply your real estate's assessed value by the millage rate and divide by 1000. For example, if your property's assessed value is $100,000 and your millage rate is 50, your taxes will be $5,000.
What is the difference between income tax and service tax?
Income tax is the tax that is charged to your income that can be paid with the preparation of tax forms or is withheld from your paycheck. Service tax refers to the tax that is charged for services, like care repair.
A regressive tax is BEST defined as a rate of tax?
A regressive tax is a rate of tax that falls as the income rises.
Which committee recommended abolition of tax rebates under section 88?
Kelkhar committee
Value added tax recommended by which committee in India?
L.K.Jha committee introduce VAT in India.
Which committee was constituted for reforms in tax structure?
Chelliah committee.............
What is the committee in the House of Representatives that considers all new tax bills?
The committee in the House of Representatives that considers all new tax bills is the Ways and Means Committee. Being on that committee is considered a pathway to power.
Can you get chart on federal and state income tax with holdings?
No. Doesn't work that way
Who is responsible for writing the tax codes that generate revenue?
The House Ways and Means committee is responsible for writing the tax codes that generate revenue. It is a committee in the House of Representatives that works with the Senate Finance Committee in writing the tax codes that then must be approved by congress as a whole.
Tax bills begin in what committee?
Tax or revenue bills begin in the House of Representatives Ways and Means Committee. Any individual representative may propose a tax bill, but it will be reviewed by the committee for a recommendation to the House as a whole whether it should be passed or not.
Who established the nations first income tax to help pay for the war in 1863?
The first tax was recommended by the House Ways and Means committee to pay expenses for the Union war effort in 1863. The Confederacy also established a tax the same year. In 1862, Abraham Lincoln signed a bill for the first tax, which was ruled unconstitutional in 1872.
Are donations made to a political action committee tax deductible?
No, they are not. No political contribution is tax deductable, on a Federal tax return.
The biggest tax paying sector in India?
Agriculture
Which Vice President serves on a tax-writing committee called the House Committee on Ways to Means?
Paul Ryan
What role does the house ways and means committee play in tax legislation-?
Decides whether to go along with presidential requests for tax reductions or increases
