what is difference between deduction and exemption.
8 Replies
pragati bihani
(13 Points)
Replied 04 September 2017
deduction incone is included in income, and then relevant section gives deduction
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 04 September 2017
You can get details here
https://keydifferences.com/difference-between-deduction-and-exemption.H T M L
RAJA P M
("Do the Right Thing...!!!")
(128101 Points)
Replied 04 September 2017
just you can use the H T M L as small letter
Abhishek
(Staff)
(34 Points)
Replied 04 September 2017
Exemption :- For claiming exemption you need to spend some amount. There are certain exemptions like HRA, conveyance e.t.c.
Deduction :- For claiming deduction you need to spend some amount.
Abhishek
(Staff)
(34 Points)
Replied 04 September 2017
Exemption :- For claiming exemption you need to spend some amount. There are certain exemptions like HRA, conveyance e.t.c.
Deduction :- For claiming deduction you need to spend some amount.
Vikas Agrawal
(28 Points)
Replied 04 September 2017
deduction is w.r.t. something i.e. chargeable to tax while expections are something that are chargeable but otherwise exempt by some other section(s)/provision/notification.
sunil reddy
(CA articleship)
(44 Points)
Replied 05 September 2017
Exempt income income is not chargeable to tax but deduction is allowed for expenditure relating to taxable Income
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