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CELEBS|Corporate 
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Income Tax

Corporate

Income Tax


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Scorecard | Wed 22 Oct


Current

Pakistan vs Australia Test

Dubai International Cricket Stadium, Dubai ,10/22/2014, 11:30 (IST)


recent

India vs West Indies ODI

Feroz Shah Kotla, Delhi ,10/11/2014, 14:30 (IST)

India beat West Indies by 48 runs

Pakistan vs Australia ODI

Sheikh Zayed Stadium, Abu Dhabi ,10/12/2014, 16:30 (IST)

Australia beat Pakistan by 1 run

India vs West Indies ODI

Himachal Pradesh Cricket Association Stadium, Dharamsala ,10/17/2014, 14:30 (IST)

India beat West Indies by 59 runs

About Income Tax


An income tax is a tax levied on the income of individuals or business (corporations or other legal entities). Various income tax systems exist, with varying degrees of tax incidence. Income taxation can be progressive, proportional, or regressive. When the tax is levied on the income of companies, it is often called a corporate tax, corporate income tax, or profit tax. Individual income taxes often tax the total income of the individual (with some deductions permitted), while corporate income taxes often tax net income (the difference between gross receipts, expenses, and additional write-offs). Various systems define income differently, and often allow notional reductions of income (such as a reduction based on number of children supported).

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