assesment year

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mohan (Querist)
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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?

Gayathri Devi

Gayathri Devi (Expert)
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10 June 2008 A.Y 2009 - 10
Institue study material is best.
YOu can refer G.Sekar Book for Income Tax it is really good

nilesh gupta

nilesh gupta (Expert)
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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

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