25 August 2008
i am making a project on the topic rebate and relief . i want to know about their definition under section 88,89 in income tax act,1961. and also a practical example on both of them.
can you give me point of difference between the two .
26 August 2008
Basic diff. is that rebate can be given to any one and relief can be given to only those who suffers. like if u got the arrear or last 5 yeear and u suffer more that liability in this year so you will be granted relief.
CAclubindia
