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Assessment Year or Finanacial Year is Both are same or
Different.

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Assessment Year or Finanacial Year is Both are same or Different...

Answer / srinivas annavarapu

Financial year is the year you are preparing your Financial
statements / Total income stmt and submitting to Incometax
Authority.

Assessment year is starting from the ending date of the
Financial year i.e., in which year your accounts are
assessed by Income-tax department.

For Ex: If you are submitting your accounts to Incometax
Authority for Financial year 2008-09 (1st April 08 to 31st
Mar 09)the assessment year would be 2009-10.

Is This Answer Correct ?    6 Yes 0 No

Assessment Year or Finanacial Year is Both are same or Different...

Answer / zamil durrani

financial year starts from 1st april and ends on 31st march
but the period for assessment year may be different.

Is This Answer Correct ?    7 Yes 5 No

Assessment Year or Finanacial Year is Both are same or Different...

Answer / nirmal

ASSESSMENT YEAR IS COMPLETELY DIFFERENT FROM FINANCIAL YEAR.
NORMALLY FINANCIAL YEAR STARTS FROM 1ST APRIL AND ENDS ON
31ST MARCH. ASSESSMENT YEAR IS COMPLETELY DIFFERENT.

Is This Answer Correct ?    0 Yes 3 No

Assessment Year or Finanacial Year is Both are same or Different...

Answer / bharath

Assessment Year starts from 1st april and ends on 31st march .
Finanacial Year maye not be from 1st april and ends on 31st
march

Is This Answer Correct ?    1 Yes 8 No

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