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.
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