What is the difference between income year, financial year
and FBT year?
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Answer Posted / sri
Income Year starts from January to December of every year.
but the financial year is starts from april and ending on
march month of next year. then the FBT year is nothing but,
when you are paying your income tax, your auditor will
calculate FBT payable from January to October or the second
chance to pay the income taxes on December of every year.
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