Double Taxation
This query is : Resolved
31 January 2010
Pls can u tell me what does Double Taxation in Income Tax Act mean?
sivadas chettoor
(Expert)
01 February 2010
Taxing the same income twice. Eg profit taxed in the hands of the company and then taxed again when the same profit is distributed as dividend to the shareholders. Profit taxed in the hands of the firm and its partners etc.
01 February 2010
Doe it mean...Taxing d same income in the hands of one assessee twice?
Or
D income shldnt b taxed twice n it is nt imp in wos hands it is taxed?
Or
D income shldnt b taxed twice n it is nt imp in wos hands it is taxed?
01 February 2010
its mean that income shouldnt be taxed twice and its not imp in wos hands it is taxed
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