Interested to Buy Any Domain ? << Click Here >> for more details...
Can anyone clearly explain difference between assessment year
and financial year?
- 3 Answers
- 5246 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 is the entry for provision of baddebts
When we are doing the reconciliation process in cash management please tell me what are the different status will happen and when will it happen. Please help me out.
What is Trading Account? What is the significance of this account?
What Is The Difference Between Bill and Invoice.
Maintaining books of accounts (Cash, Petty Cash, Bank,
Journal entry for Salary paid 100000/- in which (1)pf (2)esi (3) professional tax included
In South Africa, the value added tax is administered by?
Explain me what is general ledger account?
WHAT IS THE AUDIT?
How can pass reverse entry to close the account. If the Asset sides is greater then liabilities side and vice versa, then what can I do.
Accounting golden rules?
Can you send me advertisement format for lost of E-1 form. kindly do the needful urgently. Thanks AP
Audit 
