What does income assessed and not income assessed mean?
When one can say my income is assessed ?
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Assessed income meaning ?
Replies (2)
Assessed income means the income which is offered for taxation. Assessing the income means calculating the taxable income and thereby assessing the tax liability on it.
Dear Please Clear Doubt i.e Assessed Income Means After deduct all deduction like 80C or before Deduct ??
Piyush
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