INCOME TAX
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
11 May 2011
PLEASE EXPLAIN ME IN DETAIL, DIFFERENCE BETWEEN ASSESSMENT YEAR AND FINANCIAL YEAR.
11 May 2011
assessment year is just next year of previous year. and income of previous year is taxable in assessment year. for example for previous year 2009-10, assessment year is 2010-11
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