BANKING GENERAL KNOWLEDGE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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State government
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Central government
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Both
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Local government
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Detailed explanation-1: -Also known as Corporation Tax, corporate tax is the tax imposed by the Government of India on the net income or profit that corporate enterprises make from their businesses. It is a tax imposed on the net income of the company. Corporate Income Tax is a Direct Tax.
Detailed explanation-2: -Corporate income tax rates are mandated by the central government.
Detailed explanation-3: -The Central Government of India levies taxes such as customs duty, income tax, service tax, and central excise duty.
Detailed explanation-4: -The correct option is B Land revenue Which of the following is not a Central Government Tax?
Detailed explanation-5: -Companies, both private and public, registered in India under the Companies Act will be required to pay corporate tax.