Difference between returned income and assessed income

11445 views 1 replies

what does it mean by

1)  returned income and

2)  assessed income

Replies (1)
 


what does it mean by

1)  returned income and

ANS- IT MEANS RETURN OF INCOME  FILLED BY ASSESSEE AS PER HIS COMPUTATION.

 


2)  assessed income

ANS- IT MEANS INCOME ASSESSED BY ASSESSING OFFICER AFTER APPLYING HIS MIND ON RECIEVING THE RETURN FILED BY ASSESSEE.

 

Hope now ur doubt is clear.yes

 


CCI Pro

Leave a Reply

Your are not logged in . Please login to post replies

Click here to Login / Register