Since nothing has been specified, it is assumed that the rates of taxation applicable for a private limited company shall apply to a One Person Company. Net profits, which are calculated by deducting all allowable expenses from the turnover of sales, shall be taxable at the rate of 30 percentage + education cess.
This question requires more context. Which country? As different countries have different taxation systems and laws. Personal taxation or company taxation? Here again there are normally different levels of taxation.
uniformity in taxation
outline the reasons for taxation
i'm pretty sure it was "No Taxation Without Representation."
Taxation without representation is wrong. Taxation is needed to pay for many government programs.
Cheryl D. Block has written: 'Corporate taxation' -- subject(s): Corporations, Taxation, Law and legislation 'Corporation Taxation' 'Corporate taxation' -- subject(s): Corporations, Taxation, Law and legislation
example of power taxation
The answer is for a massive shift to indirect taxation.
government spending and taxation.
role of taxation in business
The power of taxation is that every government needs it. No country can survive without the money that is brought in from taxation.
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