Which of the following statement(s) is/are correct about the Angel Tax which was in news recently? 1. Angel Tax is levied on the companies which avail exemptions and various tax incentives. 2. The tax was introduced in the 2012 Union Budget by then finance minister Pranab Mukherjee to arrest laundering of funds. Select the correct answer using the codes given below: - Study24x7
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Which of the following statement(s) is/are correct about the Angel Tax which was in news recently? 1. Angel Tax is levied on the companies which avail exemptions and various tax incentives. 2. The tax was introduced in the 2012 Union Budget by then finance minister Pranab Muk...

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A

1 only

B

2 only

C

Both 1 and 2

D

Neither 1 nor 2

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