Interested to Buy Any Domain ? << Click Here >> for more details...
What is the difference between income year, financial year
and FBT year?
- 10 Answers
- 45516 Views
- Accenture, Capital IQ, College School Exams Tests, Genpact, I also Faced
- E-Mail Answers
Answer Posted / hafez ahammed sumon
Income Year: The year or 12 months period (based and may varies on country's tax law or Act) in which tax is levied(imposition of tax) on income earned in the financial year.
Financial Year: Generally it is the year of 12 months period and start from January to December but it can start from any month.Ex: in Bangladesh 1st July to 30 June.
FBT (Fringe Benefit Cost): It is the year of 12 months in which FBT is calculated and deposited.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
which purchases is profitable for us a building material purchases from direct of contactor ?
we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.
what data require for liability calculation under work contract tax composition scheme and regular method.
I want PTR Number and I am working professionaly related documents i have but officer asked me to bring any business commencement proof. here,I have no business? so what proof i will give to him.
How many heads are there under total income? Name them.
What is the general format for a consolidated file extension? It is showing invalid file format? So how to solve the error? How to correct the file format? Help me how to know the general consolidated file format like is it tan no_finan.Yr-quarter-type.Tds is this format correct one? Last time i have found the extension as .Csi is it correct?
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
witch taxes are calculate in CENVAT for Gold ornaments ?
i want know central excise duty codes with cess?
How can done the Accounting of WTC ? OR WTC treat (Take) like Service tax credit?
I have a plot at Visakhapatnam. I have entered into a contract with a builder which enables him to construct 10 flats on the plot and builder and myself will share 50:50 of the constructed area. i.e. builder will get 5 and i will get 5 flats. Builder is not paying me any other consideration apart from 5 flats. Kindly clarify as to whether any servive tax is applicable and payable by me ?- kgr varma
What is Vat and how it is adjustable with input vat and what return form required for DVAT?
How to make fdr entry in tally software i dont understand. when fdr open from bank and after work and interest it get closed. i want to understand how to make ledger of that and full details please help me
We have paid service tax of March Bills on 30 March. we forgot to include some bills for service tax, now we can deposit the tax in april/may and how we enter the tax..in tally....
wht do you mean by copmosition of tax
