CIT meaning in Accounts and Finance ?

Answer:

What is Corporate Income Tax mean?

A corporate tax, also called corporation tax or company tax, is a direct tax imposed by a jurisdiction on the income or capital of corporations or analogous legal entities. Many countries impose such taxes at the national level, and a similar tax may be imposed at state or local levels. The taxes may also be referred to as income tax or capital tax. Partnerships are generally not taxed at the entity level. A country's corporate tax may apply to:

corporations incorporated in the country,corporations doing business in the country on income from that country,foreign corporations who have a permanent establishment in the country, orcorporations deemed to be resident for tax purposes in the country.

Company income subject to tax is often determined much like taxable income for individual taxpayers. Generally, the tax is imposed on net profits. In some jurisdictions, rules for taxing companies may differ significantly from rules for taxing individuals. Certain corporate acts, like reorganizations, may not be taxed. Some types of entities may be exempt from tax.

Countries may tax corporations on its net profit and may also tax shareholders when the corporation pays a dividend. Where dividends are taxed, a corporation may be required to withhold tax before the dividend is distributed.

The tax incidence is uncertain.

reference

Full Form	Category
Conductivity indicator transmitter	Academic & Science
Center for Innovative Thinking	Academic & Science
Center for Innovative Teaching	Academic & Science
Campus Intervention Team	Academic & Science
California Institute of Technology	Academic & Science
Chemical Injection for Tree	Academic & Science
Center for Instructional Technologies	Academic & Science
Center for Instructional Technology	Academic & Science
Cebu Institute of Technology	Academic & Science
Coorg Institute of Technology, Kadogu	Academic & Science
Corporate Income Tax	Accounts and Finance
Cash In Transit	Accounts and Finance
Shimkent	Airport Code
Career Institute of Technology	Business
Commercial Investment Trust	Business
Court of International Trade	Business
CIT Group, Inc. (now FDD)	Business
Compagnia Italiana Turismo	Business
Cornell Information Technologies	Business
Cambridge Information Technology	Business
Commissioner of Income Tax	Business
Career In Teaching	Business
Conference of Interpreter Trainers	Community
Conference on Instructional Technologies	Community
Community of Integrity and Transparency	Community
Conference on Instruction and Technology	Community
Campers In Transition	Community
Catholic Intellectual Tradition	Community
Community Investment Trust	Community
Check-In Time	Community
Community Impact Team	Community
Christians In Training	Community
Community Intervention Team	Community
Charge-Rate Indication Teleservice	Computer and Networking
Card Image Tape	Computer Technology
Communication and Information Technology	Computing
Computer Integrated Telephone	Computing
Computing and Information Technology	Computing
Counsellor In Training	Computing
Cobol Intermediate Temporary	Computing
Central Institute of Technology	Computing
Center for Irrigation Technology	Computing
Coconino Institute of Technology	Computing
Computer and Information Technology	Computing
Computer Integrated Telephony	Computing
Cable Interface Translator	Computing
Cisco Certified Internetwork Troubleshooting	Computing
Circuit Information Table	Computing
Council on Information Technology	Computing
Cloud Integrity Technology	Computing
Computer Information Technology	Computing
Computer Installation Tutorials	Computing
Computer Information Technologies	Computing
Certificate In Information Technology	Educational Degree
College of Information Technology	Educational Institute
Captain Instrument Tie	General
Captain Instrument Transfer	General
Crisis Intervention Teams	General
Customer Information Terminal	General
Crisis Intervention Training	General
Center for Information Technolgoy	General
Counselors in Training	General
Change In Trend	General
Center for Intercultural Training	General
Change Inside Tag	General
Construction Industry Technician	General
Customization Installation and Training	General
Casing Integrity Test	General
Corrosion Inhibitor Treatment	General
Critical Improvement Technique	General
Cabling Infrastructure Technician	General
Completely Irrelevant Tournament	General
Commission for Integrated Transport	General
Cab Interior Temperature	General
Compressor Intake Temperature	General
Coordinate Index Table	General
Calculated Initiative For Take	General
Custom Inventory Template	General
Camper In Transition	General
Center for Information Technology (NIH)	Governmental
Crisis Intervention Team (police)	Governmental
Canberra Institute of	Governmental
Center for Information Technology	Governmental
Certifications In Transit	Governmental
CHITALI	Indian Railway Station
Chefs In Training	Jobs
Coot In Training	Jobs
Camper In Training	Jobs
Counselor In Training	Jobs
Coach In Training	Jobs
Campus Instructional Technologist	Jobs
Clinical Information Technology	Medical
Cold Ischaemia Time	Medical
Combined Intermittent Therapy	Medical
Conventional Immunosuppressive Therapy	Medical
Conventional Insulin Therapy	Medical
Crisis Intervention Team	Medical
Collagen Induction Therapy	Medical
Cautery to Inferior Turbinate	Medical
Center for Intensive Treatment	Medical
chemoimmunotherapy	Medical
Chronic Immune Thrombocytopaenia	Medical
Chronic Indomethacin Therapy	Medical
Shimkent, Kazakstan	Regional
Canadian International Trading	Regional
Canadian Income Tax	Regional
Critical Item Tag	Space Science
Canberra Institute of Technology	Technology
Cork Institute of Technology	Technology
Currently Implemented Technology	Technology
Center for Innovative Technology	Technology
Carnegie Institute of Technology	Technology