What is 'previous year' ?

This query is : Resolved

Jeyaraj Athisayam (Querist)
Follow

07 February 2012 as per circular No.05/2011 dated 16.08.2011. IT for FY 2011-2012 for sec 80 D, 80DD 80E etc, 'in computing the total income...... any amount paid by him in the previous year, out of his income chargeable to tax....

What is the meaning for 'amount paid by him in the previous year'?

Does it refer to amount paid in 2011-2012 i.e. FY? or 2010-2011? or for the AY's 2012-2013 previous year i.e 2011-2012?

Jeyaraj

CA PARAS BAFNA

CA PARAS BAFNA (Expert)
Follow

07 February 2012 THE AMOUNT PAID DURING THAT FINANCIAL YEAR IN RESPECT OF WHICH THE INCOME TAX RETURN IS BEING FILED.
.
SUPPOSE , WE ARE FILING THE RETURN OF FY 2011-12, IT'S ASSESSMENT YEAR WILL BE 2012-13.
AS PER CIRCULAR DURING THE PREVIOUS YEAR MEANS DURING THE F.Y.2011-12.

Guest

Guest (Expert)

07 February 2012 It follows Amount paid in 2012-2012.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

N N V Satish

Pushkar Nagda

Subbiah S

Suneel Shah

AKCJ INFO

Subscribe Now

What is 'previous year' ?

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

GST CONSULTANCY

Manager- Finance and Compliance

GST CONSULTANT

CA Final

Senior Executive

Accountant