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Equity Income in Parent Company will be taxed?

Hi,
I have one unclear point about equity income.
I understand that if a company B using equity method for investment in Company A.
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equity income = ‘%Share owned on Company A’ x ‘Net Income from Company A’.
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This equity income will appear in Income Statement of Company A. Will this equity income be taxed again (note that is already been taxed at company B)?

I don’t think so- isn’t it below the line?

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