Question

An amount of 2% of the profits have to be utilized for which purpose by industries?
(i) Income Tax
(ii) Corporate Social Responsibility
(iii) Goods and Service Tax
(iv) Sales Tax

Answer 1

A total of 2 per cent of the profit is utilized by the industries for goods and service tax that is used for the charity.

The law was passed around in 2014 to give the profit amount to the charity.

This money was invested in the poverty, education, hunger and gender equality areas to provide a proper economy to everyone.

The small problems are solved at a huge level as people are able to provide solutions to them.

Answer 2

Explanation:

an amount of 2 percent of the profits have to be utilized for