alleryStart learning →Which of these is a recognised form of double taxation?
ATax on a gift followed by an exemption
BTax on salary and a rebate on that salary
CTax on a firm's profit and again on its dividend
DTax on exports and a refund of the same
Answer & Solution
Correct answer: C. Tax on a firm's profit and again on its dividend
Company profit taxed in the company and again as dividend in shareholders' hands is economic double taxation.
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