10 June 2008
Good after noon i will appear ca(inter) exam on may 2009 what will be the a.y? for incomtax (recommanded text) which authors book is best?
10 June 2008
AY: assessment year means a period of 12 month (year) commencing from the first day of april of the year in which previous year ends.( Sec 2(9) of The I T Act.)
for example for the Financial year 9ie. previous year) 2007-08; assessment year is commence from 01.04.2008 to 31.03.2009 ie. 2008-09