difference between rebate and deduction

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difference between rebate and deduction..

REBATE IS THE REDUCTION IN TAX LIABILITY
DEDUCTION IS THE REDUCTION IN TAXABLE INCOME

Is This Answer Correct ?

30 Yes

3 No

difference between rebate and deduction..

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

difference between rebate and deduction..

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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