What is the difference between income year, financial year
and FBT year?

Answer Posted / ravindra

income year means the income which is earned in ayear is
called as income year

financial year generally strts from apri-1 &closes by march-
31st

fbt year means the benefit which was received in particular
year is called fbt year

Is This Answer Correct ?    5 Yes 1 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Our Company dedduct TDS on the collection charge and claim (rate diff claim, scheme claim, collection charge means , if any party take material directly form our store our company give them frieght charge and deduct tds@10.30%). my question in what category of this type of TDS decution ? is it payment to contractor or what ?

1559


ON WOODEN FURNITURE EXCISE IS APPLICABLE OR NOT ?

1757


I AM INTO AN EXPORT COMPANY MANUFACTURING GARMENTS. I AM PURCHASING AN INTERSTSTE ITEM AND PROVIDED FORM H NOT C. COULD I BE ABLE TO GET ANY EXEMPTION FROM TAXATION AND WHEATHER I HAVE TO CLOSE MY SALES TAX ACCOUNT FOR PROVIDING FORM H, AND IF AGAIN I COULD BE GET ANY EXEMPTION FROM FORM C ISSUING FOR THE SAME COMMODITY AND SAME SUPPLIER.

1547


please provide to us the rules of wct in andhra pradesh (Hyderabad)

1731


what is the rule of TDS Deduction for Pvt Ltd Company ??? And What rule of not TDS Deduct for PVT LTD company ???

1544






what is capital account? how to manage it? what is the process?

1666


If we are placing the order in amazon on behalf of the customer who is ordered from other e-commerce sites and the goods is directly billed to the customer address from the amazon sellers and for the same we are receiving some profit at that in our books of account what entries need to be passed...?? do i eligible to get the ITC on the GST amount paid..??

984


What is means by Central Excise ? How to calculate Central Excise ? Central Excise form No. is ?

1770


Hi Kindly provide the current slab for profession tax in karnataka and due date for remittance the profession tax

1921


sir, please suggest me. If in case work contract, wct not deduct by principal contractor then what is the consequence ? I mean please clear me if the principal contractor not deduct wct then is the contractor (sub) liable to pay wct ?

1200


What is the date of depositing entry tax and submission of return?

1891


If we use google licence in our office for one year.Google raised invoice annualy. so that on which section tds will be deducted.

1527


as we are having are unit in a area where excise duty is not applicable and on my purchase i am paying excise duty can i take refund of the duty paid by me and what was is procedure? plz. replay to my on my id ngaggarwal@yahoo.com

1532


When & how vat audit takes Place in haryana. Is Scrutiny & vat audit is same?

3618


if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?

1416