Tax Credit
Fiscal Year vs Financial Year
 The terms Fiscal Year and Financial Year are synonymous, i.e. meaning the same thing. They are a period that governments use for accounting and budget purposes. However, they are also the duration on which tax... |
PAN Card vs AADHAR Card
 PAN stands for Permanent Account Number. It is a number that is issued to any person who pays tax. Aadhar is an UID, i.e. a unique identification number. Its main purpose is to create a database of each... |
PAN vs TAN vs TIN
 A PAN number is a number for anyone who pays income taxes or has financial transactions. TAN is required for any organization that deducts or collects tax at source. A TIN number is required by any dealer or... |
Tax Invoice vs Retail Invoice
 The main difference between the two is that a tax invoice is generated when a company sells a product to distributor or a person who plans on reselling the product. Whereas a retail invoice, is generated when... |
Tax Credit vs Tax Deduction
 The tax credit is an amount that is deducted from the amount of tax that is to be paid by a person, whereas the tax deduction is an amount that is deducted from the total income of the person; as the total... |
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