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what is assessment year.
what is assesee.
what is tax slab
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Answer / poonam
Very next year of Financial year is Assesment Year
For Example : If Financial year is 2008-2009 the the
assesment year will be 2009-2010.
The Firm is assesee
| Is This Answer Correct ? | 25 Yes | 3 No |
Answer / suvash
Assessment year started from 1st April to 31st March, the
period is one year .
Assesee is person who is liable to pay tax.e.g. company,
individual person ,firm etc
for the assessement year 9/10
upto 160000 (individual)= Nil
upto 190000 (women) = Nil
upto240000 (sinior citizen)=nil
160001,190001,240001 - 300000= 10%
300001 - 500000 = 20%
above 500001 = 30%
education cess is 3%, and surcharge is 10% above 10000000
applicable.
| Is This Answer Correct ? | 16 Yes | 2 No |
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If we issue a new sale invoice after issuing a Credit Note to the coustomer, for the previously issued sale invoice on which Central Sales Tax @2% was Paid previously,whether we will be liable to pay for charging the sales tax on new invoice and pay to the sales tax department.
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