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Questions and Answers
What happens if the specified conditions are not met for tax computation?
What happens if the specified conditions are not met for tax computation?
- Tax liability is not affected (correct)
- Tax liability increases
- Tax liability decreases
- Tax liability becomes zero
How should tax liability be computed if the two conditions are met?
How should tax liability be computed if the two conditions are met?
- In the following manner (correct)
- By increasing the tax rate
- By ignoring the conditions
- In a different manner
What is the consequence of not meeting the conditions for tax computation?
What is the consequence of not meeting the conditions for tax computation?
- Tax liability remains unchanged
- Tax rate decreases
- Tax calculation method changes (correct)
- Tax rate increases
