EASYOFFICE
EASYOFFICE

Income tax query asst years.

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(Querist)
03 March 2022 Sir,
What is meaning and difference of Fiscal year and asst year.
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CA R SEETHARAMAN

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CA R SEETHARAMAN (Expert)
03 March 2022 Fiscal year is financial year starts from 1st April to 31st March in which Income is earned.
Asst year starts after ending of financial year in which Income earned in the previous year is taxed.

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