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What is the difference between income year, financial year
and FBT year?
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Answer Posted / naga
Income year is the year in which income was earned,
Financial year is a period of 12 months or less for which
accounts were prepared and financial reporting was done
ex:Apr 1 to Mar 31. FBT year is a period of 12 months or
less for which FBT was calculated.
| Is This Answer Correct ? | 23 Yes | 8 No |
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