Interested to Buy Any Domain ? << Click Here >> for more details...
Assessment Year or Finanacial Year is Both are same or
Different.
- 4 Answers
- 8603 Views
- I also Faced
- E-Mail Answers
Answer Posted / 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 |
Post New Answer View All Answers
What is outsider equity and time interest period ratio?
What is Merchandising Accounting process
How can i do the entry of of service tax in tally.
what is Calculation of Depreciation for 4 to 5 Years?
Can I freeze my account?
What is the Assets & Liabilities?
euro currency market
What is communicating
Plz Give the Inventry Accounting Procedure 1.Domestic Purchases ( VAT,CST,& Excise) 2.Import Purchases ( Direct Expences & Excise ) 3.When Will the Price Diffrence Entry Happen? 4.Cash Discount & Trade Discount On Purchases? 5.Domestic Sales ( VAT,CST,& Excise) 6.Export Sales ( Customes ,Excise ) 7.Cash Discount & Trade Discount On Sales?
genpact uk based shift timings? and R2R job profile?
Provision of Bad Debts is made in compliance with the convention of -----------
Hello to every body ... Its not its not a interview question In accounting field can we make Money ?
Explain significance of Nastro and Vastro in accounts?
What will be the consequences if the partnership is not registered
Short Answer on ______Amortization
