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Which of the following is wrongly matched?
Cess - a compulsory levy collected by the government for a particular purpose from all persons
Rate - a compulsory levy collected by the government from the beneficiaries of particular schemes
Corporation tax - levied by corporations for civic amenities
Proportional tax - a tax levied at the same time at all levels of thebase
Corporation tax is a tax imposed on the net income of the company.
Description: Companies, both private and public which are registered in India under the Companies Act 1956, are liable to pay corporate tax. For the assessment year 2014-15, domestic companies are taxed at the rate of 30%.
By: Parvesh Mehta ProfileResourcesReport error
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