As per Income Tax Act, 1961 surcharge @ 12% is payable by a domestic company if the total income exceeds:

CS Executive · Tax Laws and Practice · PYQS · June 2019
As per Income Tax Act, 1961 surcharge @ 12% is payable by a domestic company if the total income exceeds:
(A) ₹10 lakh
(B) ₹1 crore
(C) ₹10 crore
(D) ₹100 crore

Answer & Explanation:

Correct Answer: Option (C)

Official answer key: (C).

Topics: Income Tax Act, 1961

Open in Interactive Practice Hub · Full Practice Hub · Chapter Weightage · More in this subject

Related Questions in this Topic