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A tax levied on a firm's profits is known as:

AIncome tax.

BSales tax.

CCorporation tax.

DProperty tax.

Answer:

C. Corporation tax.

Read Explanation:

  • Corporation tax is a direct tax on the net income or profits of a company.


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ഇന്ത്യയിലെ ആദായനികുതി പോർട്ടൽ രൂപപ്പെടുത്തിയ കമ്പനി ?
A tax on imported goods is called a:
An excise tax is a tax on:

 Consider the following statements regarding the ‘Regressive taxation’:

I.Regressive taxation method has decreasing rates of tax for increasing value or volume on which the tax is being imposed.

II.For regressive taxation are not any permanent or specific sectors for such taxes.

III.The regressive taxation method while appreciated for rewarding the higher producers or income-earners is criticised for being more taxing on the poor and low-producers.

Which of the following statement(s) is/are correct?


താഴെ പറയുന്നവയില്‍ പ്രത്യക്ഷ നികുതി അല്ലാത്തത് ഏത്?