For a domestic company whose turn-over has never been above ₹250 Crore, the minimum amount of total income liable for surcharge and the rate of surcharge applicable therein are –
A. ₹ 10 Crore and 10% respectively
B. ₹ 1 Crore and 7% respectively
C. ₹ 1 Crore and 12% respectively
D. ₹ 10 Crore and 5% respectively
Answer:B
For a domestic company whose turn-over has never been above ₹250 Crore, the minimum amount of total income liable for surcharge and the rate of surcharge applicable therein are –
A. ₹ 10 Crore and 10% respectively B. ₹ 1 Crore and 7% respectively C. ₹ 1 Crore and 12% respectively D. ₹ 10 Crore and 5% respectively