What are difference between exemption and deduction
This query is : Resolved
01 August 2023
what are difference between exemption and deduction under the income tax for salaried person.
01 August 2023
Tax deductions are specific items that can be deducted from your income. These items are generally expenses or payments made towards certain investments.
Tax exemptions are specific items that are excluded from taxation. These items are generally allowances or other amounts earned as income.
Tax exemptions are specific items that are excluded from taxation. These items are generally allowances or other amounts earned as income.
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Sales amount in Gstr1
- E Commerce GSTR1 & 3B how to file
- GST Cancellation without jurisdiction
- Legal Opinion on Registrar's Refusal to Investigate a Society for Non-Renewal and Non-Compliance
- GST Refund_RFD-01
- Form10BD was uploaded successfully without any Error but after 24 hours, Form10BE are not available
- Annexure B utility for GST Refund
- Tax amount diff in Gstr1 and 3B in tax compare reports
- Tds on GST in connection with sale to public company
- Restoration of certificate of practice
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
