What is the difference between income year, financial year
and FBT year?
- 10 Answers
- 41531 Views
- Accenture, Capital IQ, College School Exams Tests, Genpact, I also Faced
- E-Mail Answers
Answer Posted / hafez ahammed sumon
Income Year: The year or 12 months period (based and may varies on country's tax law or Act) in which tax is levied(imposition of tax) on income earned in the financial year.
Financial Year: Generally it is the year of 12 months period and start from January to December but it can start from any month.Ex: in Bangladesh 1st July to 30 June.
FBT (Fringe Benefit Cost): It is the year of 12 months in which FBT is calculated and deposited.
| Is This Answer Correct ? | 2 Yes | 1 No |
Post New Answer View All Answers
what are accounting principles
which form is used for issuance of C Form ,F form etc. from Sale tax Authority (Haryana), when should be apply? what documents to be submitted?
when form h, form d, form 38, form h issu , what is the process of get it , who is the liable to get it , any % tax apply against issu this form, please give me answer on my e.mail sonidilip87@yahoo.com
If forth alphabet is f then what is TDS percentage ?
WHEN I 1ST TIME VAT E-RETURN FILLING WHAT IS THE REQUIREMENT & HOW FOOL FILL THE REQUIRMENT , HOW I GET C FORM THROW VAT E-RETURN FILLING FOR THIS WHAT STEPS NEED FOR ANY REGESTRATION TO GET ID & PASSWORD IF ELSE , PLEASE GIVE ME THE ANSWER ON MY E.MAIL sonidilip87@yahoo.com
What is the Procedure of Import & Export
What are the excise duties in our state?
WHEN I AM DOING 1ST TIME VAT RETURN E-FILLING, WHAT IS PROCESS FOLLOW HOW GET E-RETURN FILLING PERMISSION HOW APPLY FOR GET THE USER I.D & PASSWORD FOR E-RETURN FILLING IF ELSE, PLEASE GIVE ME THE RIGHT ANSWER ON MY E-MAIL ADDRESS ON sonidilip87@yahoo.com
What is permanent account number (pan)?
What are the Treatment & Implications in interstate sales transactions if party is unregistered dealer & having Exemption Certificate or exempted.
in relation to pioneer industries, explain the following terms:1,production day. 2,certificate of qualify expenditure. 3,income tax relief. 4,pioneer certificate 2. list seven pioneer industries which fall under pioneer status as contained in the industrial development act 1971
Our company refundable ST amount but we dont want to refund amt but i want to adjust that refund amount anywhere
1. Why some companies are not deducting the TDS or WCT on their clients Invoice.,? 2. How companies are getting exemption from Deduction TDS or WCT. ?. 3. What are the procedure for not to deduct the TDS or WCT on client invoice while making payment for their Invoice.?.
What are all include taxation...? What is to be noted in the taxation...? Hints would be highly appreciated.
We need to know is their any govt notification for VAT & Service both applicable for one item or single invoices
