Which of the following statement s is are correct

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Which of the following statement/s is/are correct?

A. Education cess is an additional levy on the basic tax liability. Governments resort to imposition of cess for meeting specific expenditure

B. Both corporate and individual income is at present subject to an education cess of 2%

C. The government imposed additional 1% cess in FY08 to finance secondary and higher education. Thus, the total education cess currently stands at 3%

D. All of the above

Answer: Option D


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