“The income of the previous year is taxed in the current year”. Explain.
“The Income of the Previous Year is Taxed in the Current Year” – Explained In the Indian Income Tax system, income is taxed not in the year it is earned, but in the following year. This concept is based on the principles of the Income Tax Act, 1961 and is important for understanding how tax […]
“The income of the previous year is taxed in the current year”. Explain. Read More »