The tax paid for the earning of previous year, is it necessary to pay tax again in the next year for the same earning?
Ex : Suppose I have paid tax for 2 lakhs in 2017-18, then in 2018-19 the amount of 2017-18 again will be accumulated or only earning of 2018-19 will be paid?
No double taxation.
If any income already assessed in earlier year, the same cannot be taxed in next year/s.
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