An Article by India Management Consultant - All India's domestic and foreign corporate entities are liable to pay corporate tax as per the rules set under the Income-tax Act. While domestic or resident companies are taxed on their universal income, foreign companies are taxed only on the income earned within the country. Therefore, to calculate tax structure, business organizations are subdivided into-
The corporate taxes in India are calculated on the income of the companies. It is based on factors like profits earned from the business, capital gains, total income from renting property, net income from other sources like dividend, interest, etc. The applicable taxes are-
Some key facts to keep in mind while filing the income tax
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9/15/2022 12:50:37 am
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