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(Querist)
17 October 2015 Can anyone please tell me what is the difference between exemption and deduction
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CA AnKiT BoHrA (AB)

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CA AnKiT BoHrA (AB) (Expert)
17 October 2015 Exemption don't have conditions included in it... Deduction may have conditions...
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ANKIT AGARWAL

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ANKIT AGARWAL (Expert)
19 October 2015 Exemptions do not form part of your Income. Whereas Deduction are part of your GTI (Gross Total Income)
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