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CELEBS|Corporate 
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Income Tax

Corporate

Income Tax


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Scorecard | Wed 16 Apr


Current

Mumbai Indians vs Kolkata Knight Riders T20

Sheikh Zayed Stadium, Abu Dhabi ,4/16/2014, 20:00 (IST)


recent

Pakistan vs West Indies T20

Shere Bangla National Stadium, Mirpur ,4/1/2014, 19:00 (IST)

West Indies beat Pakistan by 84 runs

Sri Lanka vs West Indies T20

Shere Bangla National Stadium, Mirpur ,4/3/2014, 18:30 (IST)

Sri Lanka beat West Indies by 27 runs (D/L method)

India vs South Africa T20

Shere Bangla National Stadium, Mirpur ,4/4/2014, 18:30 (IST)

India beat South Africa by 6 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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