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difference between rebate and deduction
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REBATE IS THE REDUCTION IN TAX LIABILITY
DEDUCTION IS THE REDUCTION IN TAXABLE INCOME
| Is This Answer Correct ? | 30 Yes | 3 No |
Answer / jaya jain
rebate is reduction in tax liablity and deduction is
reduction from gross total income.
| Is This Answer Correct ? | 16 Yes | 4 No |
Answer / kkkill
deduction is an off invoice reduction in price
rebate is an after invoice reduction in price
| Is This Answer Correct ? | 4 Yes | 1 No |
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