Corporation tax is imposed by :

Corporation tax, also known as Corporate Income Tax (CIT), is a direct tax imposed on the net profits or income of companies and entities [3]. In India, the authority to levy taxes is clearly demarcated between the Central and State Governments. According to the Seventh Schedule of the Constitution, the Central Government is empowered to levy taxes on income other than agricultural income [1]. Specifically, corporation tax is categorized as a direct tax levied by the Central Government [4]. It applies to both domestic and foreign corporations based on their income generated within the country [1]. While State Governments levy taxes like VAT, state excise, and land revenue, and local bodies handle property taxes, the administration and collection of corporation tax fall under the Union Government's jurisdiction as a major revenue receipt head [5].

Sources

1. [2] Indian Economy, Vivek Singh (7th ed. 2023-24) > Chapter 4: Government Budgeting > Following are certain basic features of the above taxes: - > p. 168
2. [3] Indian Economy, Nitin Singhania .(ed 2nd 2021-22) > Chapter 5: Indian Tax Structure and Public Finance > TAX REVENUE > p. 85
3. [1] https://www.hciseychelles.gov.in/taxation-system-in-india.php
4. [4] https://cag.gov.in/uploads/download_audit_report/2020/5%20Chapter%201-05f911994112353.32142979.pdf
5. [5] https://finance.delhi.gov.in/sites/default/files/generic_multiple_files/major_and_minor_head_list.pdf