Question

Income Tax is to be paid on which among the following, to the Income Tax Department?

Q: Answer-Income Tax is to be paid on which among the following, to the Income Tax Department?

Income Tax Authorities collect taxes on the proportion of the taxable profits computed in accordance with the taxation rules framed Income Tax Act 1961 and amendments.

A Profit before tax

B Taxable Profits

C Revenues from Operations

D Gross Profit

E Operating Profit

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Income Tax is to be paid on which among the following, to the Income Tax Department?

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