What is Corporate Tax | Corporate Tax Explained in Hindi | LegalRaasta

Описание: What is Corporate Tax | Corporate Tax Explained in Hindi | LegalRaasta

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Corporate taxation is a direct tax levied on firms or businesses’ profits by the government. In other words, this refers to money made by businesses from their operations after the costs of doing accounted for, such as wages and salaries, cost of goods sold and operational expenditures. Rates may vary for domestic and foreign income while different countries or regions may charge different rates.

Infrastructures and public services finance are significantly funded by governments that highly depend on corporate taxes. Investments, business decisions as well as economic growth are also influenced by corporate tax laws. Every year, businesses file tax returns showing their income and how much taxes they owe. Depending on tax laws and type of business activity, companies qualify for a number of exemptions, deductions, and credits.

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