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Commerce · Q697

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 697

Q697

Which of the following statements are true in context of surcharge on Income tax?

A.
Income Tax surcharge is an additional charge payable on income tax
B.
Income Tax surcharge is an added tax on the taxpayers having a higher income inflow during a particular financial year
C.
The surcharge depends upon the Income Tax slabs
D.
All of the above
Answer

Answer: Option D

Solution

Answer: Option D
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