What Type Of Tax Has Been Abolished With A Cess In This Budget 2015-1

1.	What Type Of Tax Has Been Abolished With A Cess In This Budget 2015-16?
Answer» Wealth TAX Explanation: Wealth tax has been REPLACED with a 2% CESS on super rich individuals. When tax is applied to a particular PURPOSE, it is called CESS. Wealth Tax Explanation: Wealth tax has been replaced with a 2% cess on super rich individuals. When tax is applied to a particular purpose, it is called CESS.

What Type Of Tax Has Been Abolished With A Cess In This Budget 2015-16?

Answer»

Wealth TAX

Explanation:

Wealth tax has been REPLACED with a 2% CESS on super rich individuals. When tax is applied to a particular PURPOSE, it is called CESS.

Wealth Tax

Explanation:

Wealth tax has been replaced with a 2% cess on super rich individuals. When tax is applied to a particular purpose, it is called CESS.