Difference between returned income and assessed income

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51 Points Posted on 14 February 2013

what does it mean by

1)  returned income and

2)  assessed income

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On 14 February 2013 at 10:25 Report
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Returned income is the income declared by the assessee in the tax return. Assessed income is the income determined by the assessing officer after scrutiny, which may differ due to adjustments or disallowances.

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CS CA F Numerologist Astrologer Graph
85935 Points Posted on 14 February 2013
 


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

  

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On 14 February 2013 at 10:39

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