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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.
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CA J KUMAR

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CA J KUMAR (Expert)
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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