CAT Questions

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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.

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’.

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. 

Kathak, Nauntanki, Jhora and Kajri are the important dances of Uttar Pradesh.

The TATA Projects has launched unique “Green Thumb” initiative in India to promote green cover and to protect the environment on 2017 World Environment Day (WED). The Green Thumb 2017 is in continuation to 2016 TATA Projects’ programme wherein it aimed to get 10,000 people to click (pledge) to plant a sapling on their behalf – the response received was a tremendous 23,000. Encouraged by the response, TATA Projects planted a total of over 42,000 saplings across the country in over 100 locations in the last one year (2016-17). This year, under Green Thumb initiative, the company will plants trees, citizens who wish to do their bit to save the environment, can express their support for the cause. They can do so by clicking on the banner to plant a sapling on the Green Thumb.

The black flag signifies a protest.

Under state law limited exemptions from local real property taxes for individuals who qualify are senior citizens(blind and disabled persons), who may defer their taxes; Veterans, who receive $4000 off assessed value; and homeowners, who receive $7000 off assessed value.