Give reasons for corporation tax
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Explanation:
Definition: Corporation tax is a tax imposed on the net income of the company.
Description: Companies, both private and public which are registered in India under the Companies Act 1956, are liable to pay corporate tax. For the assessment year 2014-15, domestic companies are taxed at the rate of 30%.
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Answer:
It Protects Democracy.It Boost financial transparency and accountability. It helps to built better infrastructure etc
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