BUISENESS MANAGEMENT
BUSINESS STRUCTURE
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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A partnership pays
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tax
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no tax
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Either A or B
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None of the above
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Explanation:
Detailed explanation-1: -Partnership firms are liable to pay income tax at the rate of 30% of total income. Besides, a partnership firm is liable to pay an income tax surcharge of 12% if the total income exceeds Rs. 1 crores.
There is 1 question to complete.