Difference between Exemption and Deduction | Income Tax Act 1961 | Akash Kumar Chauhan

Exam Bell
Exam Bell
12 هزار بار بازدید - 4 سال پیش - Difference between Exemption and Deduction
Difference between Exemption and Deduction in income tax act 1961?
Diffrence between Deduction and Exemption under income tax act 1961?


Generally Exemption is nature of income, Exemption means that portion of income which are not fall under the taxable criteria of income.


Generally Deduction is nature of Expenditure,
Deduction means those Expenditure which income tax act allowed to deduct from your gross total income.


Both Exemption and Deduction are decreased your tax liability but Exemption include only those income which is taxable income where deduction deduct some expenses from income which decrease the income.



what is Deduction under income tax act 1961,
what is Exemption under income tax act 1961,
difference between deduction and Exempti
on under income tax act 1961,
meaning of deduction under income tax act,
meaning of exemption under income tax act,



#incometax #directtax #caincometax #cmaincometax #caipcc #cmainter #cainter #salary #


.
.
.
.
.

Follow  me on Instagram for Notes
@akashcommerceacademy

Follow my personal  Instagram account
@chauhan_photograp_y

Follow  me on Facebook
Facebook: akashcommerceacademy
.
.

For written notes join me on telegram link is given below

Class XI
https://t.me/akashcommerceacademyxi

Class XII
https://t.me/akashcommerceacademyxii

CMA Intermediate
https://t.me/akashcmaintermediate
.
.
.
.
.
Computer Software Related Query Subscribe my another YouTube  channel
CAD GURU
cadguruhartronbhiwani

For business query contact me on [email protected]
4 سال پیش در تاریخ 1399/08/11 منتشر شده است.
12,097 بـار بازدید شده
... بیشتر