Assessment year
This query is : Resolved
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
What is assessment year and financial year in salestax,
And whether the meaning or purpose of it varies from state to state
27 November 2014
no the ay and fy is same for all states also as that in income tax act
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 ???
With regard to Income tax A.Y and F.Y is different ???
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
(Expert)
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.
FOR THAT GOVT WANT TO APPLY GST.
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