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Difference between non assesble income and non taxable incom

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sumit jain Ca Final Student and Article [ Scorecard : 44]	Posted On 17 March 2011 at 18:04
	what is the Difference between non assesble income and non taxable income??

Prabhaharan Assistant Manager - Internal Control [ Scorecard : 50]	Posted On 18 March 2011 at 23:11
	I think both are one and the same, ie. exempted income. when it comes to assesee point of view it is non taxable and administration (IT department) point of view it is non assessable.


U S Sharma glidor@gmail.com [ Scorecard : 19285]	Posted On 19 March 2011 at 00:41
	non assessable income may be exempted income or the income below threshold limit.

CA. Anuj Gupta Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA [ Scorecard : 5910]	Posted On 10 May 2011 at 22:31
	Income which are exempt u/s 10 or otherwise are non-assesable income but are not non taxable. Anuj 0-9810106211

hardik Member [ Scorecard : 21]	Posted On 20 September 2011 at 20:24
	I think non assessable income means the Income which is not considered in calculating total income

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