Answer Posted / santosh kumar pattanaik
Tax assessment means it is a tax of previous year which we
have to pay in this year as per income tax law. under
section 200.
For the assessment year, income tax is paid on total income
earned during the preceding financial year. This period is
referred to as the previous year in the Income Tax Act. The
present information is applicable to the financial year
beginning on 1st April 2008 to 31st March 2009, relevant
for the Assessment Year 2009-2010.
Also you can get more information as given below link.
http://law.incometaxindia.gov.in/TaxmannDit/DisplayPage/dpag
e1.aspx
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