What percentage of surcharge is applicable to foreign companies whose total income exceeds ₹10 crore for the Assessment Year 2021-22 ?

CS Executive · Tax Laws and Practice · PYQS · December 2021
What percentage of surcharge is applicable to foreign companies whose total income exceeds ₹10 crore for the Assessment Year 2021-22 ?
(A) @ 2%
(B) @ 5%
(C) @ 7%
(D) @ 12%

Answer & Explanation:

Correct Answer: Option (B)

Official answer key: (B).

Topics: Income Tax Act, 1961

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