Statement 1 : The objective of corporate taxation is to maximize corporate wealth.
Statement 2 : Providing tax deductions, tax exemptions and tax rebate under corporate taxation increases tax avoidance.
Indicate whether the statements are true or false.
1
Both the statements are true
2
Both the statements are false
3
Statement ‘1’ is true, but ‘2’ is false
4
Statement ‘1’ is false, but ‘2’ is true