Examveda
Examveda

Which of the following statements is correct in regards to health and education cess?
1. Amount of income tax shall be increased by health and education cess.
2. Amount of income tax and surcharge shall be increased by health and education cess.
Select the correct answer:

A. 1 only

B. 2 only

C. Both 1 and 2

D. Neither 1 nor 2

Answer: Option B


This Question Belongs to Commerce >> Income Tax And Corporate Tax

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