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INCOME TAX

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Querist : Anonymous

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Querist : Anonymous (Querist)
11 May 2011 PLEASE EXPLAIN ME IN DETAIL, DIFFERENCE BETWEEN ASSESSMENT YEAR AND FINANCIAL YEAR.

11 May 2011 assessment year is just next year of previous year. and income of previous year is taxable in assessment year. for example for previous year 2009-10, assessment year is 2010-11



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