what is assessment year and previous year ?
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Answer Posted / sushil chauhan
Lets say a person B earns Rs 100 in year 2008-09 starting from
01 Apr 2008 to 31 Mar 2009 then the year 2009-10 starting from 01 Apr 2009 to 31 Mar 2010 is regarded as Assessment year and 2008-09 is regarded as previous year.
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