Golgappa.net | Golgappa.org | BagIndia.net | BodyIndia.Com | CabIndia.net | CarsBikes.net | CarsBikes.org | CashIndia.net | ConsumerIndia.net | CookingIndia.net | DataIndia.net | DealIndia.net | EmailIndia.net | FirstTablet.com | FirstTourist.com | ForsaleIndia.net | IndiaBody.Com | IndiaCab.net | IndiaCash.net | IndiaModel.net | KidForum.net | OfficeIndia.net | PaysIndia.com | RestaurantIndia.net | RestaurantsIndia.net | SaleForum.net | SellForum.net | SoldIndia.com | StarIndia.net | TomatoCab.com | TomatoCabs.com | TownIndia.com
Interested to Buy Any Domain ? << Click Here >> for more details...


Can anyone clearly explain difference between assessment year
and financial year?

Answers were Sorted based on User's Feedback



Can anyone clearly explain difference between assessment year and financial year?..

Answer / pawan

Financial year means particular period when you done your
business transactions, earn income etc. and when you will
submit your income tax return to income tax department
related to previous years income that will call as
assessment year. i.e. if your financial year is 2010-11 so
your assessment year is 2011-12.

Is This Answer Correct ?    17 Yes 0 No

Can anyone clearly explain difference between assessment year and financial year?..

Answer / mujna

The financial year is a year in which the income is earned
and the year which the income is assessed for filing income
tax return is called assessment year.

Is This Answer Correct ?    3 Yes 0 No

Can anyone clearly explain difference between assessment year and financial year?..

Answer / venkata

Present year (2016)transactions is called as Financial year i.e April to march expenditure or income and when you will submitted the IT returns to previous year income (income get from last year 2015) to present year thats called as Assessment year

Is This Answer Correct ?    0 Yes 0 No

Post New Answer

More Accounting General Interview Questions

What is invoice processing can u explain it?

0 Answers   Accenture,


What is the difference between depreciation and amortization?

0 Answers  


are tpt, freight & packing charges part of sales & purchase ??

0 Answers  


Will TDS U/S 194C be deducted on total Bill Value or before service Tax of Bill Value?

3 Answers  


What is the full form of RTS in banking ?

3 Answers   eMpulse, Patanjali Ayurved, TCS,


goods lost by fire rs10000 & insurance claim received for the same rs8000.what are the effect of this entry in final accounts?

17 Answers   Amma Enterprises, BHU, HCL, Syntel,


What is cash profit

2 Answers   Capital IQ,


1)What is E-1 Sales (Sales in Transit) Full Guidence From Issue to receipient. 2) What is F Form How Are procedure

0 Answers  


how to treat investment fluctuation fund in case of death of a partner

0 Answers  


what is the difference between an invoice and bill?

2 Answers  


difference between rent office rent

1 Answers  


april'13 salary we paid in aug'13 what is the entry in books

1 Answers  


Categories