Millionaire Mode

Taxation of Business Profits: Assessment and Computation

Question 1 of 14

What is the primary legislation governing the taxation of business profits in India?

  1. Income Tax Act, 1961
  2. Companies Act, 2013
  3. Goods and Services Tax Act, 2017
  4. Finance Act, 2020

Prize Money

15₹7 Crores
14₹1 Crore
13₹50,00,000
12₹25,00,000
11₹12,50,000
10₹6,40,000
9₹3,20,000
8₹1,60,000
7₹80,000
6₹40,000
5₹20,000
4₹10,000
3₹5,000
2₹2,000
1₹1,000