DEFINE 'SALES TAX, CORPORATE TAX, PROFESSIONAL TAX & INCOME
TAX'? (please give accurate definitions dudes)
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SALES TAX IS THE TAX WHICH IS LEIVIED ON SALES COORPARATE
TAX IS THE TAX WHICH IS LEIVIED ON CORPARATE SERVICES
RENDERED INCOME TAX IS THE TAX WHICH THE INCOME DERIVED IN
AN ASSESMENT YEAR PROFESSIONAL TAX IS THE TAX WHICH IS
LEIVIED ON PROFESSIONALS EG - LAWYERS , AUDITORS, ENGINEERS
DOCTORS
| Is This Answer Correct ? | 17 Yes | 7 No |
Answer / shalini.mann
i knw these are nt accurate defenation.
a tax based on the cost of the item purchased and
collected directly from the buyer
A levy placed on the profit of a firm different rates are
used for different levels of profits
profeesional tax means liabilty for those who comes under
professional tax such as CA,CS,lawyer,technical, software
services.
income tax means tax liability against the income earn by
us.
| Is This Answer Correct ? | 18 Yes | 17 No |
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