Financial year and assessment year
This query is : Resolved
Ganeshbabu K
(Expert)
28 November 2013
Refer section 2 of income tax act for definitions
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.
.
suppose for financial year 2012-13,,Assessment year is A.Y.2013-14
.
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because income earned in 2012-13 is assessed under income tax in 2013-14
.
.
.
suppose for financial year 2012-13,,Assessment year is A.Y.2013-14
.
.
because income earned in 2012-13 is assessed under income tax in 2013-14
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