Interested to Buy Any Domain ? << Click Here >> for more details...
What is Assesment Year
- 15 Answers
- 44354 Views
- I also Faced
- E-Mail Answers
Answers were Sorted based on User's Feedback
Answer / aditya naagar
assesment year is an year in which a assess is liable to
his tax liablity on his net income which he earned in
previous year
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / samee
Asessement year means financial years next year that is
example...
this is 2009 - 2010 is the financial year...2010 - 2011 is
the asessement year.....
| Is This Answer Correct ? | 2 Yes | 1 No |
Answer / muralidaran
a person start to earn from 2009 april. he earned some
amount in 2009april 1st to 2010march 31st. now he is going
to file income tasx return. the return will come under
2010 -2011 of income tax file. ie,the assesment year
| Is This Answer Correct ? | 1 Yes | 0 No |
Answer / ajoy kumar rai
ASSESSMENT YEAR (A.Y) MEANS THE PERIOD OF 12 MONTHS
COMMENCING ON 1ST APRIL IMMEDIATELY AFTER THE PREVIOUS YEAR
FOR EXAMPLE, IF PREVIOUS YEAR ENDED ON 31.3.2010, THE
ASSESSMENT YEAR IS 2010-11 (i.e, FROM 1.4.2010 TO 31.3.2011)
ILLUSTRATION: INCOME WHICH IS EARNED IN PREVIOUS YEAR IS
CHARGED TO INCOME TAX IN THE ASSESSMENT YEAR AT THE RATES
APPLICABLE FOR THAT A.Y.
AJOY KR RAI
| Is This Answer Correct ? | 1 Yes | 1 No |
Answer / salma
Previous year is 2007 -2008 ie (1st April 2007 - 31.03.08 )
Current year is 2008-2009 ie ( 1st April 2007 -31.03.09)
Assement year is 2008-2009 ie (start from march month)
| Is This Answer Correct ? | 8 Yes | 16 No |
Company A from Maharashtra dispatch material directly to company C in Maharashtra & Billed to Company B in Karnataka. Co. A raised billed to Co. B charged local VAT., Co. B raised bill on Co. C tax rate NIL. Can Co. C claimed on VAT amount ?
mr. x earns a salary of rs. 34000 p.m, but mr. x assures that he is going to produce investment suppoting of rs. 69000 eligible u/s 80C but fails to produce how to throughtout the F.Y ho to calculate tds per month???
What is cenvat credit?
Is TDS is applicable for subscription/membership fee paid to registered council?
in a company, if employee contributing To PF equal to employer contribution. can he voluntarily stop his contribution while he is in service with that company?
How We know we are liable for Profession Tax liability. I have an optics shop & I want PT Number so what should i do?
why VAT not charged in deemed sales bill.
From Buyer's point of view, In Interstate purchase to save tax we issue "C" form but at the same time can u tell me by allowing issuing "c" form govt bearing any losses in collection of taxes. e.g.while giving c form i only pay 2% instead of 12.5% the is it loss to govt of 10.5%, if yes then why govt. allowing "c" form, pls explain.
what is the tax of business income ?
CERTAIN LIST OF EXPENSES ARE MENTIONED IN SECTION 35D regarding amortisation of such expenses........not included in the list are expenses like administrative expenses,consultancy fees etc...if these expenses are of revenue nature then well and good enough, problem taken care of.If it is not of revenue nature nor is it included in the list, how do u treat such expenses. Do u capitalise them by way of fixed assets or sunk costs or what do u do? any case laws that talk about expenses not mentioned in the section?
what is the process of paid unpaid in service tax
Hi, I am a VAT/CST dealer in Pune. I had got a work contract with other AP state government. can i purchase material in AP state on 2% CST on issuing 'C' form and supply the same material to the AP state government on VAT /CST 5%. As the government departments are not issuing 'D' forms. please guide.
Audit 
