Tax Holiday vs Tax Exemption - Kya Farq Hai Yaar?

Yaar samajh nahi aaya, main to kuchh din se ismei stuck ho gaya hoon. CUET PG Law ke liye taxation aaya hai aur main tax holiday aur tax exemption ke beech farq samajh nahi paa raha hoon. Sabse bade problem yeh hai ki in donon mein 'exemption' shabda ki usekiya hai, lekin inka matlab kuchh alag-alag hai.

Tax exemption ke bare mein kuchh notes mein likha hai ki yeh exemption hai jo direct income se hota hai, jabki tax holiday ke bare mein khaa hi ki yeh exemption hai jo specific project ke liye hota hai.