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What Defenses between Deduction & Examption
Replies (2)
Deduction is a expenses & Exempt rule by government.
Hi !
Deduction means subtraction i.e. an amount that is eligible to reduce taxable income.
Exemption means exclusion, i.e. if certain income is exempt from tax then it will not contribute to the total income of a person.
Regards
KAAMIL AHAMADH
Deduction means subtraction i.e. an amount that is eligible to reduce taxable income.
Exemption means exclusion, i.e. if certain income is exempt from tax then it will not contribute to the total income of a person.
Regards
KAAMIL AHAMADH
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