Assessment year

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Smrity (Querist)
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27 November 2014 Dear Al,

What is assessment year and financial year in salestax,
And whether the meaning or purpose of it varies from state to state

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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27 November 2014 no the ay and fy is same for all states also as that in income tax act

Smrity

Smrity (Querist)
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27 November 2014 If A.Y and F.Y is same for Sales Tax then why Assessment is used seperately.

With regard to Income tax A.Y and F.Y is different ???

CS,CA F,Numrologi TusharSampat

CS,CA F,Numrologi TusharSampat (Expert)
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27 November 2014 how ay and fy can be same suppose if fy is 14-15 then ay is always 1 year +fy = 15-16

Rupesh Jain

Rupesh Jain (Expert)
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27 November 2014 AS PER SALES TAX ACT IN HARYANA THIS THE SAME f y AND ay. IT IS DIFF DUE TO EVERY STATE HAVE HIS OWN VAT ACT AND RATE OF VAT IS ALSO DIFF.

FOR THAT GOVT WANT TO APPLY GST.