Questions

Corporation tax is a tax imposed on the net income of the company. Companies, both private and public which are registered in India under the Companies Act 1956, are liable to pay corporate tax.

Taxes in India are levied by the Central Government and the state governments. Some minor taxes are also levied by the local authorities such as the Municipality. The authority to levy a tax is derived from the Constitution of India which allocates the power to levy various taxes between the Central and the State.

Hence, Corporate Tax is imposed by Central Government.

Lima is the Capital of Peru and its Currency is Sol.

For the first time since Nagaland officially gained recognition as a state, a state Police Officer AtuZumvu has been awarded one of the nations' military honour, ‘Shaurya Chakra’.

24 hours

A transformer that increases voltage from primary to secondary (more secondary winding turns than primary winding turns) is called a Step-Up Transformer.

Conversely, a transformer designed to do just the opposite is called a Step-Down Transformer.