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UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Fiscal and Monetary Policy

  • question_answer
          Corporation tax is imposed by

    A) State Government

    B) Central Government

    C) Local Government

    D) State as well as Central Government

    Correct Answer: D

    Solution :

    Corporation Tax is imposed by State as well as Central Government. Corporation tax is imposed on the income or capital of some types of legal entities. The taxes may also be referred to as income tax.


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