UPSC Economics Business and Foreign Trade / व्यापार और विदेश व्यापार Question Bank Business Modules and concepts in India

      Consider the following statements

(i) Corporate taxes are taxes against profits earned by business during a given taxable period.

(ii) A tax payer distributes the incidence of tax and provides for a simple and convenient mode of payment.

Which of the following statement is/are correct?

A) Only I

B) Only II

C) Both I and II

D)          None of these

Correct Answer: A

Solution :

Only I