Clarification on taxation system

ITR 190 views 1 replies

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? 

Replies (1)

No double taxation.

If any income already assessed in earlier year, the same cannot be taxed in next year/s.


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register