Teaching UGC NET Mock Test Series 2025 (Paper 1 & 2) Income-tax and Corporate Tax Planning Income-tax
Consider the following statements :
A. Corporation tax is levied on the income of both registered, unregistered companies and corporations.
B. Corporation tax is levied on incomes of individuals and Hindu Undivided Family.
C. Corporation tax is levied only on the incomes of registered companies and corporations.
Which of the above statements is/are true?
Choose the correct answer from the options given below :
1
A and B are true
2
Only C is true
3
Only B is true
4
All of the above are true