Prasant Rout (1 Points)
18 May 2019The 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?
Maitree
(other)
(274 Points)
Replied 18 May 2019
No double taxation.
If any income already assessed in earlier year, the same cannot be taxed in next year/s.
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