Companies pay Corporation Tax on their: [UDC 1993]

Related MCQs

• Consider the following taxes: 1. Corporation Tax 2. Value Added Tax 3. Wealth Tax 4. Import duty Which of these is/are Indirect taxes?
• Put the main sources of revenue of the Central Government in ascending order of importance: 1. Income tax 2. Corporation tax 3. Customs 4. Excise duties
• Which of the following is at the apex of Industrial Finance in India? [UDC 1995]
• Which of the following are under the purview of Industrial Development Bank of India? 1. Unit Trust of India 2. Life Insurance Corporation of India 3. Export-Import Bank 4. State Finance Corporation of India
• Consider the following statements: 1. life Insurance Corporation of India is the oldest insurance company in India. 2. National Insurance Company limited was nationalized in the year 1972 and made a subsidiary of General Insurance Corporation of India. 3. Headquarters of United India Insurance Company limited are located at Chennai. Which of the statements given above are correct? [lAS2006)
• Consider the following statements: [IAS 2004] 1. National Thermal Power Corporation has diversitled into hydropower sector 2. Power Grid Corporation of India has diversified into telecom sector Which of the statements given above is/are correct?
• The place where bankers meet and settle their mutual claims and accounts is known as : [Bank PO 1993]
• A tax Which is paid by the person on whom the tax is incident is called a :
• MODVAT is different from VAT in the sense that: 1. under MODVAT, tax is levied only on value addition while under VAT, excise is imposed on final value and then rebate is given on inputs 2. MODVAT is only at the production stage while VAT extends both to production and distribution stage 3. under MODVAT, excise is levied on final value and then rebate is given on inputs while under VAT, tax is levied only on value addition 4. MODVAT implies rationalization of excise duty only while VAT implies rationalization of excise, sales and turnover taxes etc. also Choose correct answer from:
• A tax that takes away a higher proportion of one's income as the income rises is termed as [I. Tax & Central Excise 1990]