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1. Dictionary

   levy

   /ˈlɛvi/

   verb

   • 1. impose (a tax, fee, or fine): "a tax of two per cent was levied on all cargoes" Similar imposechargeexactdemandraisecollectgathertaxrare:mulct
   • ▪ impose a tax, fee, or fine on: "there will be powers to levy the owner" Similar imposechargeexactdemandraisecollectgathertaxrare:mulct
   • ▪ seize (property) to satisfy a legal judgement: "there were no goods to levy upon"
   • 2. enlist (someone) for military service: archaic "he sought to levy one man from each vill for service" Similar conscriptcall upenlistmobilizerallymustermarshalpressrecruitraiseassembleround updraftOpposite demobilizedisband
   • ▪ begin to wage (war): "they then proceeded without further ceremony to levy war upon the king"

   noun

   • 1. an act of levying a tax, fee, or fine: "police forces receive 49 per cent of their funding via a levy on the rates" Similar taxtarifftollexcisedutyfeeimpositionimpostexactionassessmenttithepaymentrare:mulcttaxationcustomsdues
   • ▪ a tax raised by levying: "we all pay a fossil fuel levy in our electricity bills"
   • ▪ a sum collected as a supplement to an existing subscription: "the trade-union political levy" Similar impositionchargingexactionraisingcollectiongathering
   • ▪ an item or items of property seized to satisfy a legal judgement.
   • 2. an act of enlisting troops: historical "Edward I and Edward II had made substantial use of the feudal levy for raising an army"
   • ▪ a body of troops that have been enlisted: "lightly armed local levies" Similar conscriptsmilitia

   Word Origin Middle English (as a noun): from Old French levee, feminine past participle of lever ‘raise’, from Latin levare, from levis ‘light’.

   Derivatives

   • 1. leviable adjective

   Scrabble Points: 10

   • L

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   • E

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   • V

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   • Y

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2. People also ask

   What is an owners corporation Levy?

   • Levies are the means for an owners corporation to pay for services that the owners use, or to maintain the property that all owners share. This might include: pool maintenance. The owners corporation holds the money that you pay in levies in an account.

   What Are Levies in Strata Schemes? | LegalVision

   legalvision.com.au/levies-strata-schemes/

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   How does a special levy work?

   • Special levies broadly operate in the same way as regular contributions but the owners corporation commonly raises them as a single amount with a single purpose. Often, the owners corporation will require the owners to pay the special levy in a single instalment to ease cash flow concerns.

   What Are Levies in Strata Schemes? | LegalVision

   legalvision.com.au/levies-strata-schemes/

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   What is a strata Levy?

   • A levy is a contribution that an owner pays to the owners corporation (the body that manages the strata scheme). Levies are the means for an owners corporation to pay for services that the owners use, or to maintain the property that all owners share. This might include: pool maintenance.

   What Are Levies in Strata Schemes? | LegalVision

   legalvision.com.au/levies-strata-schemes/

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   How much do owners pay a levy?

   • If the levy raised were $10,000 in a given year, then each owner would pay 1/10th or $1,000 for the year. Often, the owners corporation will split the $1,000 into four equal instalments (quarterly payments). However, this general position can change.

   What Are Levies in Strata Schemes? | LegalVision

   legalvision.com.au/levies-strata-schemes/

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3. cleartax.in › s › income-tax-act-1961Income Tax Act 1961: Chapters, Objectives, Features, Provisions

   cleartax.in › s › income-tax-act-1961

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   2 days ago · The Income Tax Act 1961 is the set of rules and regulations upon which the Income Tax Department levies, administers, collects and recovers taxes. It contains 298 sections, 23 chapters and several important provisions which contain all the aspects of taxation in India.

4. legalvision.com.au › levies-strata-schemesWhat Are Levies in Strata Schemes? | LegalVision

   legalvision.com.au › levies-strata-schemes

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   3 days ago · A levy is a contribution that an owner pays to the owners corporation (the body that manages the strata scheme). Levies are the means for an owners corporation to pay for services that the owners use, or to maintain the property that all owners share.

5. www.nseindia.com › invest › first-time-investor-sebiSEBI Turnover Fees, STT and Other levies - NSE India

   www.nseindia.com › invest › first-time-investor-sebi

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   3 days ago · The Finance Act, 2019 (No. 7 of 2019) has introduced amendment in The Indian Stamp Act, 1899, with respect to levy and collection of stamp duty for transaction in securities made through stock exchange and accordingly with effect from July 1, 2020, being the notified date, stamp duty is levied and collected by Clearing Corporations authorised ...

6. www.investopedia.com › terms › sWhat Is Seigniorage, and Does It Cause Inflation? - Investopedia

   www.investopedia.com › terms › s

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   4 days ago · Understanding Seigniorage. Seigniorage is counted as revenue for a government when the money it creates is worth more than it costs to produce. This revenue is often used by governments to...

   • Author: Christina Majaski

7. globalnews.ca › news › 10604912Canada’s digital services tax is here. How could it affect ...

   globalnews.ca › news › 10604912

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   3 days ago · Mackenzie Gray explains. The Digital Services Tax is now in effect. Foreign tech giants must now pay a three per cent levy on revenue from Canadian users, retroactive to 2022, after the federal ...

8. www.bankbazaar.com › tax › tax-on-agriculturalAgricultural Income Tax - Definition, Calculation with Examples

   www.bankbazaar.com › tax › tax-on-agricultural

   3 days ago · Agricultural income is not taxable under Section 10 (1) of the Income Tax Act as it is not counted as a part of an individual's total income. However, the state government can levy tax on agricultural income if the amount exceeds Rs.5,000 per year.

9. legalvision.com.au › writ-for-the-levy-of-propertyWhat is a writ for the levy of property? - LegalVision

   legalvision.com.au › writ-for-the-levy-of-property

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   3 days ago · A writ for the levy of property is a court order that allows a Sheriff to seize and sell property belonging to the judgment debtor. It is a debt recovery tool and can only be used once a judgment has been obtained. As such, it is a post-litigation step.