Interested to Buy Any Domain ? << Click Here >> for more details...
what is assessment year and previous year ?
- 50 Answers
- 166431 Views
- Bank Exams, Chartered Accountant, ICICI, SSC, TATA, I also Faced
- E-Mail Answers
Answer Posted / siddhant
Assessment Year
Income-tax is an annual tax imposed separately for each assessment year (also called the tax year).
This commences from 1st April and ends on the next 31st March.
Previous Year
This is generally for a period of 12 months ending on 31st March just prior to the commencement of the assessment year.
In the case of a source of income coming into existence in the middle of the year,
“This may not run for a full period of 12 months from 1st April to the following 318t March.”
In General, the “previous year” is also referred to as the “Accounting Year” or the “Income Year”.
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
vat return dates for uttrakhand
What is calculate of tds
What are allowable and dis-allowable expenditure?
is WCT applicable one time? and what will be rate of WCT in UP State?
Can we use ST-38 outward form for a sale of Rs-100000/- with in the state i.e haryana
While I prepare Form JJ for goods transfer I made a mistake that the value of goods is morethan the actual value(i.e. instead of Rs.92100/- I filed Rs.1354000/-)and the copy of JJ sheet is sealed in the checkpost one copy is taken in the checkpost. please anybody give me the exact solution. thanks
How to reconcilation of modvat
What is the current vat amount of aluminium goods like dishes, buckets etc hsn code is 7615-19
Hello Sir, Please send the knowing calculation of attrition rate?
what is cenvet credit in vat.
Provision entry for current Year Income Tax A/c ----Dr To Income Tax Payable A/c Adjustment entry in next Year Income tax payable---Dr To bank A/c kindly tell me which head of income tax a/c and income tax payble a/c
WHAT IS DEFERRED TAX LIABILITIES.AND WITH EXMPLE DEFERRED TAX ACCOUNTING?
What r the foll tax deductions for :- 1.TDS 2.WCT Give me answers in detail & give me some addtional info on these topics which would be helpful for me.
procedure to get Raw Material free of excise duty under Central Excise Act,
how form h fill up?
