2014 · Q4
Corporation tax in India is levied on income of a company. Which one of the following does not include Corporation tax?
General KnowledgeIndian Economy
- AProfit from business
- BCapital gain
- CInterest on securities
- DSale proceeds of assets
Explanation
Corporation tax covers profits, capital gains and interest income; 'sale proceeds of assets' is not a head of income under corporation tax.