For payment of tax

This query is : Resolved 

29 September 2015 If anyone want to submit income tax of F.Y 2014-15, then which books I will followed. Either A.Y 2015 or 2014-15? Please confirm me

29 September 2015 Please clarify what you want to ask, i do not get the question.

29 September 2015 I want to know that If any clients come to me and told that he will pay income tax for income generating in 2014-15. then now what books i will follow. a.y 2014-15 or 2015-16.


29 September 2015
For Income earned in FY 2014-15 i.e. AY 2015-16

self assessment tax will be payable in
AY 2015-16 .

29 September 2015 for House Property Rs. 2,00,000 /- interest on borrowed capital will deduct as per budget 2015. If any assessee paid tax for F.Y 2014-15, then will he get this benefit?

29 September 2015 Yes he will get benefits

29 September 2015 In a A.Y 2015-16 when I will pay advance tax then tax treatment will be as per A.Y 2016-17 or 2015-16?

29 September 2015 According to you when I will pay the tax of F.Y 2014-15 then I will follow the books of A.Y 2015-16.


29 September 2015 u r not claer in your query Dpankar...

See for Income Tax there is two

Financial Year in which we earn the income
Assessment Year in which income will be assessed.

Now for FY 2014-15 asseessment year will be AY 2015-16

& Advance tax payment u making is for next year means AY 2016-17 . So its two included in one.

29 September 2015 Sir, till now I am not clear that. For example in F.Y 2013-14 income tax slab was 2,00,000 /-. when a assessee earned income in F.Y 2013-14 and assessment done in 2014-15. In 2014-15 the slab was 2,50,000. So my question is in which slab he will belongs to.

He earned income in F.Y 2013-14 and assessment done in 2014-15.
please clear me

29 September 2015 For income earned in FY 2013-14 it will 200000.00

for income earned in FY 2014-15 it will be 2500000.00

Feel free to contact me on my no.+91 94283 19758

29 September 2015 when I will call you




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