Why is corporate income tax abolished in india?

Luisa Greenholt asked a question: Why is corporate income tax abolished in india?
Asked By: Luisa Greenholt
Date created: Sat, Apr 17, 2021 9:48 PM


Top best answers to the question «Why is corporate income tax abolished in india»

  • Corporate income tax is imposed at a flat rate and creates difficulty for small businesses forcing them to resort to tax avoidance measures. Hence income taxes should be completely abolished and instead we should just have a nationwide uniform VAT system with progressive rates of taxation depending on the type of goods and services.


Those who are looking for an answer to the question «Why is corporate income tax abolished in india?» often ask the following questions:

⭐️ Who was associated with abolished 'sati' in india?

lord pending has abolished sati in India

⭐️ Are there any taxes that have been abolished in india?

  • India has abolished multiple taxes with passage of time and imposed new ones. Few of such taxes include inheritance tax, interest tax, gift tax, wealth tax, etc. Wealth Tax Act, 1957 was repealed in the year 2015.

⭐️ Current corporate dividend tax rate in india?

At per the text book its 13.2345%

Your Answer

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