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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.
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Continue Learning about General History
What does nationalite mean in French?
Nationality, or citizenship as in dual citizenship [double nationalite, or double citoyennete].
What is the definition of reflection and deduction?
Reflection is the act of reflecting or the state of being reflected and it is an image. Deduction is any item or expenditure subtracted from gross income to reduce the amount of income subject to tax.
What does 'stabbed in the back' mean?
Deceived, betrayed or double-crossed.
What does double bag mean sexually?
Wearing two condoms.
Full form of tan?
TAN- Tax Deduction And Collection Number PAN-Permanant Account Number
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