Interested to Buy Any Domain ? << Click Here >> for more details...
difference between assessment year and financial year
- 3 Answers
- 12896 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / h.r. sreepada bhagi
Financial year of Accounting year is the relevant year in
which the transactions are done and and recorded in the
books of accounts.
Previous Year and Assessment Year are the terms used under
Income Tax Act. Previous year is the Accounting year or the
Financial year in respect of which the Income is Assessed to
Tax. Assessment year is the year in which the Income of the
Previous year is assessed to tax.
Example - For the Financial year (Accounting year) 2009-10,
Assessment year is 2010-11.
Some terminologies are expected to be changed w.e.f
01.01.2011, when the Draft Tax Code is accepted and
implemented as law.
| Is This Answer Correct ? | 26 Yes | 4 No |
Answer / sunita
Financial year is that year in which co. is working at
present,
and Assesment Year is Financial year 's next year
| Is This Answer Correct ? | 20 Yes | 5 No |
Answer / shatrudhan sinhg
Assessment year means Financial Next Year
Financial year means current year....
| Is This Answer Correct ? | 0 Yes | 0 No |
what is the rate of tds on interest payment and basic exemption limit for general insurance co.
Please Advise When issue form F monthly Basis or quarterly basis.
Where we show the brought forwarded losses in the Balance Sheet?
is F form needed while making intra stock transfer ?
Dear Experts, Please advice, what are the rate of WCT , and is it differ from individual to companies in case of deduction ( if i am the deducting person)
What are the treatment & implications in case interstate sales transaction if party is not registered (Individual or other then individual)
What is the difference between profit and gain?
Is sales against H Form Either in Punjab or out of Punjab treated as Zero rated sales in vat 15 form in Window showing as Break up of Zero rated sales: Direct export out of country; Sales against H Forms Or it is treated as seprate
IS THERE ANY TDS APPLICABLE ON AMC OF AC MACHINE
1. Is TDS asset or Liability ?. 2. Is TCS Asset or Liability ?. 3. Which is Debit side and Which is Credit Side in Balance Sheet ?.
Please tell me the process of generation of TDS in Tally ERP-9 with an Example
WHAT IS THE RATE OF TDS ON SALARY,RENT,COMMISSION,CONTRACT,INTEREST, BROKERAGE ETC
8 Answers Alpha Foam, Basai Steels,
Audit 
