Interested to Buy Any Domain ? << Click Here >> for more details...
Can anyone clearly explain difference between assessment year
and financial year?
- 3 Answers
- 5405 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
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 |
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 |
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 |
What will happen if an organization not maintain the sufficient working capital?
which report give the data of GL with materials details in sap?
who is debtor and creditor?
What is an ERP?
What will be the general entry for advance salary given?
what is the balance sheet? And also tell me about the finanacial statement?
cupboard chairs are assets or indirect epenses ?
what is account reconcillation
What is the difference between the accrual accounting and cash accounting?
Mr.X working in an organization,He as taken to salary advance 10,000 on 15/1/2016.He total salary payed on 30,000 5/2/2016?
What is the Difference Between Tally Software & SAP Software..?
14 Answers GTS, SSK, TATA,
why land is not depreciated.........?
Audit 
