sumit jain (Ca Final Student and Article) (71 Points)
17 March 2011what is the Difference between non assesble income and non taxable income??
Prabhaharan
(Internal Controller)
(57 Points)
Replied 18 March 2011
I think both are one and the same, ie. exempted income.
when it comes to assesee point of view it is non taxable and administration (IT department) point of view it is non assessable.
U S Sharma
(glidor@gmail.com)
(21063 Points)
Replied 19 March 2011
non assessable income may be exempted income or the income below threshold limit.
CA. Anuj Gupta
(Practices in NRI Int.Tax FEMA TP FDI/FIPB & FCRA)
(7024 Points)
Replied 10 May 2011
Income which are exempt u/s 10 or otherwise are non-assesable income but are not non taxable.
Anuj
0-9810106211
hardik
(Member)
(21 Points)
Replied 20 September 2011
CAclubindia
