Business Studies, asked by nitushrinitushri364, 4 months ago

what are
your
duction to your country​

Answers

Answered by MrAbhay0707
1

Answer:

Tax deduction is a reduction of income that is able to be taxed and is commonly a result of expenses, particularly those incurred to produce additional income. Tax deductions are a form of tax incentives, along with exemptions and credits. The difference between deductions, exemptions and credits is that deductions and exemptions both reduce taxable income, while credits reduce tax.[1]

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