Interested to Buy Any Domain ? << Click Here >> for more details...
what is assessment year and previous year ?
- 50 Answers
- 170479 Views
- Bank Exams, Chartered Accountant, ICICI, SSC, TATA, I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / goutham kumar
let me say u a example to make u clear about PREVIOUS YEAR & ASSESSMENT YEAR
suppose u have earned a income in the financial year 2010-2011(april,2010-march,2011) u need to pay income tax on income earned on above year in the year 2011-2012
Now, 2010-2011 comes under previous year and
2011-2012 comes under assessment year
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / amora
Previous year is a year wherein income is earned.Assessment year is a year wherein tax is paid.
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / s.m.fathima farhana
Previous means 'coming before'..simply said that previous
year means financial year preceeding the assessment year.
Assessment year means on what time u have paid the income
tax behalf of the previous year's income..tax paid by
relevant financial act..
| Is This Answer Correct ? | 3 Yes | 3 No |
Answer / samaresh bhunia
assesment year means in which year we calculate tax i.e-current financial year.
previous year means simply in which year we earned some income.i.e-before year
assesment year-2010-2011
previous year-2009-2010
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / harendra singh
Previous year is that year in which income is earned and assessment year is that year in which the tax is paid on the income.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / rupa jame
assessment year is the period where the income earned
preceeding assessment year is assessed. Assessment year is
2010-11 then Previous year is 2009-10
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / mrinal
Assessment year is the year in which you file your returns
for the Income earned for the financial year, which had
just ended.
For example if you are filing income tax returns in July
2010, then you would be filing returns for Financial Year
2009 – 2010 & this is what is called Assessment Year.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / abhayranu
i am working in 2011-12 is called assesment year.but
previous year called 2010-2011.
| Is This Answer Correct ? | 0 Yes | 0 No |
Assessment year is the year in which Income of person are
assest, normally it is the year next to the year in which
Income is earned. Whereas Previous Year is the year in which
income are earned.
| Is This Answer Correct ? | 0 Yes | 0 No |
Answer / bijender singh
assesment year means the period starting from april 1 and
ending on march 31 of the next year.in this year you have
to paay tax.for example assesment year 2011-2012 will
commence on april 1,2011 and end on march 31 ,2012.
In which income is earend is known as previous year
| Is This Answer Correct ? | 0 Yes | 0 No |
how to get a TIN number of the party in madhya pradesh whereas i puchase good in west bengal
what is service tax
Suppose A, Delhi is selling material to B, Chhhattisgarh & B wants this material at Bhopal. A bills like sold to party B, Chhattisgarh & Ship to party C, Bhopal. Whereas C is a site office of B. In this case whiling billing A required TIN no of B & C or proving TIN no of B is enough?
What is TCS? On Which it is Computed.
Wat is capitalgains?
Which form we use for depositing Advance Tax
what is tds and what is what is the current rate of tds on payment of contract and payment of professional charges
i had received an arrear 0f Rs.700000/- lacs for the period 1.1.2007 to 31.3.2010 and Rs.78000 for the period 1.4.2010 to 31.7.10 during aug'2010. my normal salary for 2010-11 is 400000/-. on what amount will my rent free house perquisite be calculated? i have also claimed rebate u/s 89 by distributing my arrear salary in previous years.
what kind of documents required for VAT Assessment?
Pl inform me the details of TDS,VAT,Service Tax & other Statutory Deductions related to individual and companies.
What is 43B in an Indian Taxation?
3 Answers Genpact, GET Engineering Construction,
what is the rate of taxes for works contract
Audit 
