Question

For which purpose is an amount of 2% of the profits have to be utilized by

industry?​

Answer 1

Answer:

Showing responsibility to society by helping needy people or needy organizations is an important task. With this objective, when an industry or a group of industries have made a profit of over 5 crores, they are expected to spend at least 2% of their profits on acts benefitting the society.

hope it helped you

Answer 2

Answer:

income tax

corporate social responsibility

Goods and services tax

sales tax