I want to know for Financial year 09-10 i.e 01.04.09 to
31.03.2010 what is the Assessment year
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Answer / anirudh
Dear, Kindly Don't try to know that the assessment year of
09-10 but try to learn the mean of Financial Year &
assessment year.
Financial Year -in this year, Accounts books keeping are
maintaining or maintain the record for cash & credit
transaction.
Assessment Year -In this year, we calculate & deposit the
income tax for last the previous/financial year.
For the example -if we are keeping the accounts books in
2009-2010, called Financial year.And going to deposit
income tax after closing the F.Y, called Assessment year
2010-2011.
Regards,
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Answer / raja (from odissa)
assesment year means next year of financial year
this questions 's assesment year= 10-11 i,e 01-04-2010
31-03-2011
| Is This Answer Correct ? | 5 Yes | 0 No |
Answer / manikprabhu s uttarwar
In Income Tax Assessment year = (Financial Year +1)
e.g. for Financial Year 2009-10 , Assessment year will be called as Assessment Year 2010-11.
And in Sales Tax Financial Year = Assessment Year
e.g. for Financial Year 2009-10, Assessment year (Sales Tax) will be the same as Assessment Year 2010-11
| Is This Answer Correct ? | 1 Yes | 0 No |
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