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What is the meaning of legal personality in regards to who is responsible for income tax?
Wiki User
∙ 16y ago
Taxation falls on individuals,but legal personality extends to companies: If you start a company and that company has income than that company is liable for taxes
Wiki User
∙ 16y ago
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All persons residing in India are responsible for paying Income tax on monies earned. Dollars earned from agriculture are tax exempt. This is imposed by the Government of India.
What is meaning of annual income?
'Annual income' is the total amount of money you earn in one year.
