Financial year
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
10 September 2011
what the meaning of financial year ,previous year and assessment year?
when we say provident fund - FY 2011-12 , for which year does it applies?
when we say provident fund - FY 2011-12 , for which year does it applies?
CA Ayush Agarwal
(Expert)
10 September 2011
Assessment year is the year in which the income earned is
assessed. Previous year is the year in which income is
earned. Eg. AY 2007-08 and prev year is 2006-07
.
and in accounting language previous yera called as financial year.
Assessment year is the year in which the income earned is
assessed. Previous year is the year in which income is
earned. Eg. AY 2007-08 and prev year is 2006-07
.
and in accounting language previous yera called as financial year.
10 September 2011
FY 2011-12
means AY 2012-13
PY 2011-12
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
means AY 2012-13
PY 2011-12
Abhishek Ranjan Singh
ARS Solutions
email2ars@gmail.com
+91 9022838615
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