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Assessment year.

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709 Points Posted on 07 May 2021
hi, I'm always confused in selecting A.Y, please tell assessment year for April 2021?
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On 07 May 2021 at 19:02 Report
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206 Points Posted on 07 May 2021
April 2021 comes under A.Y 2021-22...
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On 07 May 2021 at 20:05
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Chartered Accountant
24588 Points Posted on 07 May 2021
AY 2021-22 FY 2020-21
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On 07 May 2021 at 20:39
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709 Points Posted on 07 May 2021
If we file the April 2021 month tds, the assessment year is 2022-2023
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On 07 May 2021 at 21:12
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CMA
13117 Points Posted on 07 May 2021

Yes you are right. AY in this case is 22-23

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On 07 May 2021 at 22:14
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3924 Points Posted on 08 May 2021
Assessment year means , In the year your Income Tax liability will be assessed for payment. So Income tax liability of F.Y 21-22 will only be assessed in the year 22-23 accordingly we are making payments file our returns in July and September as the case may be .
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On 08 May 2021 at 07:30
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709 Points Posted on 11 May 2021
But if we file tds return for march 2021 month in may 2021 then the assessment years would be 2021 to 2022 or 2022 to 2023
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On 11 May 2021 at 16:23
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CMA
13117 Points Posted on 11 May 2021

Simple, FY in respect of the TDS return for Q4 is 20-21, so AY is 21-22

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On 11 May 2021 at 16:37


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