06 March 2010
This is the first time I would be paying Income Tax.So have few questions..Help me ppl
Im an Individual doing small business & earned around 5lacs between Apr 09- Mar 10.
1) For which period of Income should Tax be paid before March 31st 2010 ?(from April 2009 - March 2010 or from April 2008-March 2009 ?) 2)For which period Income Tax returns should be filed before July 31st 2010 (from April 2009 - March 2010 or April 2008-March 2009?) 4) The online payment of Income tax site asks for Assesment Year..Which year should i choose to pay taxes for the income earned between April 09- March 10?