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  9. Q6

KPSC KAS 2020 · Question 6 of 100

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 :

Economics - Taxation

  1. AA and B are true
  2. BOnly C is trueCorrect
  3. COnly B is true
  4. DAll of the above are true

Answer: B. Only C is true

Explanation

Only C is true: corporation tax is levied only on the incomes of registered companies and corporations. Per the official key.

Source: KPSC Gazetted Probationers Prelims Paper-I 24-08-2020 (Subject Code 388), Official Key Chart Series A

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