Previous - assessment year
Querist : Anonymous
INCOME EARNED IN A PREVIOUS YEAR IS CHARGEABLE TO TAX IN THE ASSESSMENT TEAR
the if FY 2013-14 is the previous year, FY 2014-15 is the assessment year. so income earned in FY 2013-14 is charged to tax in FY 2014-15
Guest
income earned in fy 13-14 is charged to tax in ay 2014-15
Querist : Anonymous
What I am trying to explain is the concept of what is the previous year and what is assessment year..
Guest
Querist : Anonymous
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