What does income assessed and not income assessed mean?
When one can say my income is assessed ?
2 Replies
Giridhar S Karandikar
(Team Lead)
(7548 Points)
Replied 30 May 2012
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.
Piyush Jain
(Tax Consult)
(37 Points)
Replied 25 July 2016
Dear Please Clear Doubt i.e Assessed Income Means After deduct all deduction like 80C or before Deduct ??
Piyush
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