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      Question

      Consider the following statements with reference to

      taxation in Budget 2020. 1. Dividend Distribution Tax (DDT) was abolished. 2. Tax on cooperative societies was to be reduced to 22% plus surcharge and cess as against 30% at present. Which of the statements given above is/are correct?
      A Only 1 Correct Answer Incorrect Answer
      B Both 1 and 2 Correct Answer Incorrect Answer
      C Neither 1 nor 2 Correct Answer Incorrect Answer
      D Only 2 Correct Answer Incorrect Answer

      Solution

      The correct answer is B

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