what is assessment year and previous year ?
Answer Posted / kanhaiya
previous year means year in which you earn any income...in
p/y you only earn income.
the above income earned is calculated and taxed in next
year which is called ASSESSMENT YEAR.
e.g income u earn in 2006-07 will be taxable in 2007-08
Is This Answer Correct ? | 34 Yes | 20 No |
Post New Answer View All Answers
IF I HAVE PAY COMMISSION TO LOCAL AGENT RS-5000 THEN HOW MUCH I WILL DEDUCT TDS & IS PAN CARD REQUIRE
witch taxes are calculate in CENVAT for Gold ornaments ?
is there easy guide for the latest India tax & accounting information for 2010?
What will be the planned expenditure in the budget 2009-10
what is fillup form when company issue c form
Our company is engaged in a business of Real state developer in andhra pradesh. we want to purchase some material from other states. we have central sales tax registration. whether we are eligible for issuing a form 'c' to the supplier being a deeloper.
how we issue the road permit to seller for receiving the rearing material
How To fill vat, Tds, Service tax Return Form? Please Explain With an Example.
How can I Proceed to my client regarding Advertisement Bill as we are dealing in advertising agency and also clear us can we deduct TDS on their bill? For Example we receive a bill from The Sandesh Ltd. of Rs. 50000/- and they do not mention service tax in the bill. So, Kindly provide the Guidelines regarding This Problem.
What is FBT & Service Tax Remittances?
How to calculate excise duty on mobile products?
What is the limitation for loan from pvt ltd company to other sole proprietor company suppose 25 lakhs given. what is the rule at the time of income tax point of view. Please clarify anybody....
Our firm is 7 years old. We don't have PT registration for partners as well as employee. If we do it now, will it be a problem or how much penalty will come. Any one can give suggestion.
WHAT IS EXECUTION OF WORKS CONTRACT ?
hi which form issue again ogs purches & sales ? which is the tax rat we issue c form?it's cst3% is avelabe to issue the c-form?