what is assessment year and previous year ?

Answer Posted / mrs.a.amora

Assessment year is a year which starts on 1st April of
every year and ends on 31st March of the next year.Previous
year means the financial year which immediately prceeding
the assessment year

By Mrs.A.Amora

Is This Answer Correct ?    8 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

How to calculate the TDS

1792


WHAT IS SHEDULE , HOW MANY TIPE OF SHEDULE IN COMPANY & PARTNERSHIP FIRM , WHAT IS IN EACH SHEDULE HEAD CONTAIN , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com

1875


What are the excise duties in our state?

2005


What are the types of provident funds?

652


What are the procedures for remitting WCT?

1666






How To Calculate Gross Sales for vat return -15

1696


Dear Sir, Regarding for WCT, IF FORM DVAT-43 MADE FOR DELHI STATE.So Is there any Form availabe for Haryana State. Would request you to please let know Answer in Yes or No or which form is available for HR State If do you have any kind of list for same please have suggested me.

3652


How do you determine as to what TDS has to be deducted from each vendor supplying us the goods and doing labour work?

1602


how to calculate deffered tax, relating to company.. pls explain with examples.. also about timing differences..

1508


Central purchase is eligible for issuance of H form. Whetther H form can be issued against local purcahse also? What I came to know is : earlier H form can be issued against central purchase only, but after intoduction of VAT, department issued notification regarding issuance of H form against LOCAL PURCHASE also. Is it true? If true then please tell me about notification/ circular/ relevant section or law. Please look into the matter. Thanx n Regards

1579


if i have a educational loan on my name, can i show for tax exemption on current year income tax? Is it applicable for tax exemption (educational loan)

1685


what is capital account? how to manage it? what is the process?

1650


We have paid service tax of March Bills on 30 March. we forgot to include some bills for service tax, now we can deposit the tax in april/may and how we enter the tax..in tally....

1387


A Norwegian Company rents some equipment to a customer in India. The Norwegian Company does not have an office in India. The new tax regulations make in mandatory for them to furnish a PAN number without which a with holding tax will be deducted. The Norwegian company will be paying tax on this rental income in Norway. India and Norway have a Double Tax Avoidance Agreement. I wish to know 1) Is it possible for the Norweigian company to avoid the with holding tax in India?

1401


over all details about tax what is mean by headge fund and detail explanation?

1737