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Income Tax

Corporate

Income Tax


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Scorecard | Sat 01 Nov


Current

Pakistan vs Australia Test

Sheikh Zayed Stadium, Abu Dhabi ,10/30/2014, 11:30 (IST)


recent

Pakistan vs Australia Test

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

Pakistan beat Australia by 221 runs

New Zealand vs South Africa ODI

Bay Oval, Mount Maunganui ,10/24/2014, 03:00 (IST)

South Africa beat New Zealand by 72 runs

Bangladesh vs Zimbabwe Test

Shere Bangla National Stadium, Mirpur ,10/25/2014, 09:00 (IST)

Bangladesh beat Zimbabwe by 3 wickets

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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