Question

    Consider the following statements with reference to

    taxation in Budget 2020. 1. Dividend Distribution Tax (DDT) was abolished. 2. Tax on cooperative societies was to be reduced to 22% plus surcharge and cess as against 30% at present. Which of the statements given above is/are correct?
    A Only 1 Correct Answer Incorrect Answer
    B Both 1 and 2 Correct Answer Incorrect Answer
    C Neither 1 nor 2 Correct Answer Incorrect Answer
    D Only 2 Correct Answer Incorrect Answer

    Solution

    The correct answer is B

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