Question
The principle that “the same income should not be
taxed twice in the hands of the same person” refers to which of the following?Solution
Double Taxation Avoidance is the principle that prevents the same income from being taxed twice in the hands of the same person, especially in cross-border scenarios. • India enters into Double Taxation Avoidance Agreements (DTAAs) with other countries to ensure that income is not taxed both in India and in the source country. • This principle upholds fairness and prevents economic inefficiency in global taxation.
Odds in favour of A passing the exam is 1 : 3 and Odds against B passing the exam is 4 : 1. What is the probability that exactly one of them will pass t...
Determine the probability that when a hand of 7 cards is drawn from a box of 52 cards, it consists at least 3 kings?
What is the probability that a number selected from 1,2,3.......................68,69,70, is perfect square or a perfect cube?
Tom and Jerry throw alternatively a pair of dice. Tom wins if he throws 8 before Jerry throws 7 and Jerry wins if he throws 7 before Tom throws 8. Find...
A bag contains 6 balls of which 3 are red and 3 are black. They are drawn successively without replacement. What is the probability that colors are alt...
Sita tells the truth in 80% of cases and Geeta tells the truth in 30% of cases. Find the probability that at least one of them tells the truth.
A box contains only three colors of balls- red, green and blue. What is the minimum number of balls that should be picked from the box to ensure that at...
Coupons numbered 1 to 10 are shuffled and one is drawn what is the probability that it bears an odd number which is also a multiple of 3?
Five squares of a chessboard are chosen at random, the probability that three are of one colour and two of another is
From a well-shuffled deck of 52 cards, two cards are drawn one after the other without replacement. What is the probability that the first card is a red...
