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Commerce Short Question | Gkseries

Q.

Which one of the following statements is not correct ?

[A] A person may not have assessable income but still be an assessee
[B] In some cases, the assessment year and the previous year can be same.
[C] An Indian company is always resident assessee.
[D] Surcharge is additional tax calculated on total income.
Answer & Explanation

Answer: Surcharge is additional tax calculated on total income.

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