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what is assessment year and previous year ?

Answer Posted / harsh vardhan pandey

assesment year is that year in which we make the assesment
of the income,earned in previous year. assesment year comes
just after its related previous year. previovs year may be
of 12 months or less than 12 months but assesment year will
always be of 12 months.

Is This Answer Correct ?    3 Yes 5 No



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