Question

cannot be shifted to another individual. It has to be paid by the one on whom it is imposed.

• A. Corporate tax
• B. Stamp duty
• C. GST
• D. Excise duty

Answer 1

The correct option is A Corporate tax

Corporate tax is a type of direct tax that is imposed on the profits of domestic and foreign companies in India. The burden of direct taxes cannot be shifted from one individual to another. The Indian companies whose annual turnover or yearly sales is less than ₹50 crore pay 25% tax and those with a turnover of more than ₹50 crore pay 30% tax.