What type of tax has been abolished with a CESS in this budget 2015-16?
a. Entertainment Tax
b. Income Tax
c. Transaction Tax
d. Wealth Tax
Submitted by: MuhammadWealth Tax
Explanation:
Wealth tax has been replaced with a 2% cess on super rich individuals. When tax is applied to a particular purpose, it is called CESS.
Submitted by: Muhammad
Explanation:
Wealth tax has been replaced with a 2% cess on super rich individuals. When tax is applied to a particular purpose, it is called CESS.
Submitted by: Muhammad
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