Ex.Ex.Tax

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hi friends,

 i would like to know about Exempt Exempt Tax. Kindly share with me and others to let us know about it exactly.

 

Replies (1)
hi dear as know ex. ex. tax is a provision under tax where exmepted incomes under chapter VI are combined together & they combinelly exmepted but if any other income drived from that expted incomes then that income is taxable in hands of assessee . eg: if assessee purchase IVP & NSE it is expted form tax but interest recieved is taxable in hands of assessee that is expt-expt-tax


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