uniform previous year
Akansha Roy (1 Points)
06 March 2019
what is uniform previous year? is previous year also known as uniform previous year?
3 Replies
Lisha Bansal
(CA Finalist)
(2595 Points)
Replied 06 March 2019
Hi Akansha
I think previous year that remains the same for all will be termed as uniform previous year. Yes, both previous year and uniform previous year should be the same.
Lisha Bansal
(CA Finalist)
(2595 Points)
Replied 06 March 2019
Also since the query is in regard to direct tax, uniform previous year means the previous year for which you are filing return should remain same for all the sources of income i.e. salary, capital gain, house property etc.
Nayan Reddy
(accounts)
(274 Points)
Replied 06 March 2019
Uniform for all assessees, i.e from 1st April to 31st March.
Recent Topics
- Gold ETF STCG and LTCG
- Property capital gain, Bought in 2002 and sold in
- TDS Implication on Expensing Off Unrecovered Invoi
- Where can i Declare landlord share in GSTR-1
- Change of name on physical share certificates of P
- Workmen compensation insurance policy
- GST Revenue at All-Time High - A Genuine Growth or
- TDS On Purchase of Property by Firm
- Gst missing invoice in return
- Discuss and Download CA Inter Question Paper May 2
Related Threads
Trending Online Classes
-
GST LIVE Certification Course - 42nd Weekend Batch(With Govt Certificate)
Industry Expert17 May 2025
CAclubindia
