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

  • question_answer
          Which of the following is the tax on income of the companies?
    1. Corporation tax    
    2. Reliable tax
    3. Compensatory tax

    A) 1 only              

    B)        2 only

    C) 3 only              

    D)        1, 2 and 3

    Correct Answer: A

    Solution :

    Corporation tax is the tax on income/profit of the organizations. In India, at one time, corporation tax was quite high


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