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exemption and deduction
tell about the all exemptions and deduction under all 5 heads according to current accounting year
Replies (2)
Exemptions will be u/s 10
Deductions are enlisted under Chapter VI-A.
Apart from these individual deductions are given in the relevant sections of the sources of income.
Exemption is the part of Each head of income where as Deduction is the part of Gross total income.
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