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Certification Course on Practical Filing of Income Tax Returns
Session on Input Tax Credit (ITC)
what does it mean by
1) returned income and
2) assessed income
what does it mean by 1) returned income and
ANS- IT MEANS RETURN OF INCOME FILLED BY ASSESSEE AS PER HIS COMPUTATION.
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.
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