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Eduncle Asked an Mcq
February 21, 2020 2:41 pm

Assertion (A) : Tax should not be charged on dividend income from the shareholders
Reason (R) : Some economists are of the opinion that when tax has already been paid on the profit of the company and balance is distributed as dividend to the owners, tax need not be levied on them
In the light of the above two statements, choose the correct answer from the options given below

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  • Eduncle Best Answer

    Both (A) and (R) true and (R) is the correct explanation of (A).

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