Is there any circumtances for which A.Y and P.Y will be same ?
A.Y and P.Y

CMA KNVV Sri Vidya - Sri Kanth
(C.A.Final (New) ICWAI FINAL (New))
(11269 Points)
Replied 23 April 2009
NO chance
shailesh agarwal
(professional accountant)
(7642 Points)
Replied 24 April 2009
yes-in the following sections A.Y AND P.Y WILL BE SAME
1-SECTION-172SHIPPING BUSINESS OF NON RESIDENT
2-SECTION-174-ASSESMENT OF PERSON LEAVING INDIA
3-SECTION-174A-ASSESSMENT OF AOP AND BOI-OR AJP-BUSINESS FORMED FOR SPECIAL PURPOSES
4-SECTION-175-ASSESSMENT OF PERSONS LIKLY TO TRANSFER PROPERTY TO AVOID TAX
5-SECTION-176-DISCONTINUED BUSINESS
Javed Hasan
(student)
(90 Points)
Replied 24 April 2009
Shailesh is right.
These are the special circumstances that the IT dept refers to so as to stop tax evasion
VARUN
(PCC STUDENT)
(523 Points)
Replied 24 April 2009
yes ...... shailesh sir is right ...
Regards,
Varun Makhija
Live Course on EPF & ESI Act - Mastercourse(With Govt Certificate)