Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...

Can anyone clearly explain difference between assessment year
and financial year?

Answer Posted / pawan

Financial year means particular period when you done your
business transactions, earn income etc. and when you will
submit your income tax return to income tax department
related to previous years income that will call as
assessment year. i.e. if your financial year is 2010-11 so
your assessment year is 2011-12.

Is This Answer Correct ?    17 Yes 0 No



Post New Answer       View All Answers


Please Help Members By Posting Answers For Below Questions

Wat entry ill come after paying the Cen -Excise Tax Vat Tax and Service Tax in the same time

4820


During execution of Works Contract,If Contractee(Customer) supply goods to contractor, then it should be shown in Invoice as deduction or no need to show in Invoice.

1666


what is the accounting treatment in tally of free goods received with goods purchased.

7080


What are the differences between accounting and auditing?

1125


What are the difference between Debit Memorandum and Credit Memorandum?

2050


Tell us why did you select accounting as your profession?

1066


How is the accounting for lease transactions done?

1086


PROVIDENT FUND TO BE CALCULATED ON BASIC AFTER DEDUCTION OF ABSENTS (LOP)

2041


One Institute, after completion of course not issue any certificate to students, they issued certificate from other branded institute with cost (Kindly provide the term of this expenditure to appear in P&L a/c)

2576


As you know any other accounting application?

1027


The 'going concern concept' is the underlying basis for: 1.stating fixed assets at their historical cost 2.disclosing the market value of securities 3.disclosing the sales and other operating information in the income statement 4.none of the above

11406


What is general ledger account?

1086


Assume that the real risk-free rate is 3% and that inflation is expected to be 8% on year 1,5% in year 2,and 4% thereafter.Assume also that all Treasury bonds are highly liquid and free of default risk. If 2-year and 5-year Treasury bonds both yield 10%,calculate the difference in the maturity risk premium on the two bonds.

2323


1. how to pass TDS entry in tally 2. how to pass service tax entry in tally 3. how to pass depreciation entry in tally 4. what is percentage in TDS and service tax

2206


kindly send the TDS tariff on Security expenses, rents, transport charges etc.,

2036