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

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.....

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

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

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)

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