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Commerce · Q51

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 51

Q51

Which of the following statements is correct in regards to health and education cess? 1. Amount of income tax shall be increased by health and education cess. 2. Amount of income tax and surcharge shall be increased by health and education cess. Select the correct answer:

A.
1 only
B.
2 only
Answer
C.
Both 1 and 2
D.
Neither 1 nor 2

Answer: Option B

Solution

Answer: Option B
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