Outrageously Funny Word Dictionary :: Taxability

👉 Taxability refers to the process of determining whether a transaction or event should be subject to taxation. This is done by applying specific rules and criteria that determine whether an individual, company, or other entity can claim a deduction, credit, or refund for their income, expenses, gains, losses, or other related items. The main goal of taxability is to ensure that individuals and businesses are aware of the laws and regulations governing taxation in their respective jurisdictions. This helps in avoiding double taxation and ensures fair

taxability