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Filling year

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(Querist)
21 April 2014 Dear Sir,

Please tell me
What is the financial year & Assesment Year Use ?
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Rupesh Jain

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Rupesh Jain (Expert)
21 April 2014 as per income tax financial year : start from 1st day of april and close the last day of march of next year.

assessment year : is next from financial year.
if financial year 1.4.2013 to 31.3.2014 the assessment year will be 1.4.2014 to 31.3.2015.
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