1st statement – Tax exemptions are strictly construed against the government. 2nd Statement - When the tax law is not clear and there is doubt whether he is taxable or not, the doubt shall be settled against the government . Only the first statement is correct. Only the second statement is correct. Both statements are correct. Both statements are incorrect
1st statement – Tax exemptions are strictly construed against the government. 2nd Statement - When the tax law is not clear and there is doubt whether he is taxable or not, the doubt shall be settled against the government . Only the first statement is correct. Only the second statement is correct. Both statements are correct. Both statements are incorrect
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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1st statement – Tax exemptions are strictly construed against the government. 2nd Statement - When the tax law is not clear and there is doubt whether he is taxable or not, the doubt shall be settled against the government .
Only the first statement is correct.
Only the second statement is correct.
Both statements are correct.
Both statements are incorrect.
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