Cases where Income Earned and Assessed in the same year

CA Gyati Gupta , Last updated: 21 March 2018  
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Everyone is aware that income is earned in Year 1 and assessed to tax only after the completion of Year 1 i.e. in the next Year; Year 2. Thats why Income Tax Department uses the term Assessment Year almost everywhere. But few cases are exceptions to this basic rule of Income Tax. They are earned

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CA Gyati Gupta
(In Practice)
Category Income Tax   Report

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