Multiple choice

Which of the following taxes is narrower in scope in India?

  1. Value Added Tax

  2. Excise Duty

  3. Corporate Tax

  4. Entertainment Tax
Reveal answer Fill a bubble to check yourself
C Correct answer
Explanation

The corporate tax is narrower in scope in India. The corporate tax is charged on the annual income of the domestic as well as foreign companies operating in India. Thus, only the corporate companies contribute to the Corporate Tax and the general public does not contribute to this tax.

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