answersLogoWhite

0


Best Answer

Double deduction often refer to a tax relief. In computing your profit, we would have claimed an expense to arrive at the profit. Some countries provide an additional deduction on the same expense against you net profit to arrive at your taxable income. Thus the term DOUBLE DEDUCTION.

User Avatar

Wiki User

17y ago
This answer is:
User Avatar

Add your answer:

Earn +20 pts
Q: What does double deduction mean?
Write your answer...
Submit
Still have questions?
magnify glass
imp
Related questions

What does double deduction means?

Double deduction often refer to a tax relief. In computing your profit, we would have claimed an expense to arrive at the profit. Some countries provide an additional deduction on the same expense against you net profit to arrive at your taxable income. Thus the term DOUBLE DEDUCTION.


What does AR stand for as a payroll deduction?

What does AR mean in a payroll deduction


Does age matter when filing income taxes?

No...except that over 65 get a double deduction.


What does hendothermic mean?

Is the amout of energy, in a thermal deduction.


What does retro deduct mean?

A retro pay deduction is an odd concept. It means that the company forgot to take out the deduction before, so they are correcting the error.


Can I get a tax deduction for my roth IRA?

There is no Roth IRA tax deduction, but this does not mean that the Roth IRA does not have tax implications. More information can be found by asking an accountant.


What does deductible deductions mean?

Subtract amount from taxes owed. (If you qualify for the deduction)


What are other words mean subtraction?

deduction, reduction, decrease, discount, diminution


What is a stimulus deduction?

What is a stimulus deduction?


what is the standard deduction?

what is the standard deduction


What does mica mean in a payroll pay stub?

MICA TAX is referred to your Medicare deduction.


What did descartes mean by intuition and deduction?

Intuition is our conceivable idea of innate thought (the fact we are thinking in general). Therefore, it is a precursor to deduction -- which derives from thought. Deduction is the idea of reasoned logic that cannot be wrong (exp 2+2=4 or a bachelor must not be married).