Which of the following clearly defines what corporate taxes are ?
(A)It is a direct tax levied on the income of a company or association
(B)It is a tax which is levied to the companies on their production and commonly known as Value Added Tax(VAT)
(C)This is the tax levied on the income of the Directors Promoters of a company/association on the profits earned by them during the year

A

Only A

B

Only B

C

Only C

D

All A,B &C;

E

None of these