For charging by induction
1. the charged object never touched the object being charged.
2. the charged object does not lose or gain electrons
3. the charged object just polarizes the object being charged
4. object being charged receives charges opposite to the polarity of the charged body.
but for charging by conduction
1. there is electrical contact between the two bodies.
2. the charges on the charged body are transferred to the object being charged.
3. thus the charges on the charged body decreases.
4. the charges gained by the object being charged can never exceed that of the charged body
5. the two bodies may assume the same amount of charges only if they are identical(mass and size)