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I want to know for Financial year 09-10 i.e 01.04.09 to
31.03.2010 what is the Assessment year
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Answer Posted / anirudh
Dear, Kindly Don't try to know that the assessment year of
09-10 but try to learn the mean of Financial Year &
assessment year.
Financial Year -in this year, Accounts books keeping are
maintaining or maintain the record for cash & credit
transaction.
Assessment Year -In this year, we calculate & deposit the
income tax for last the previous/financial year.
For the example -if we are keeping the accounts books in
2009-2010, called Financial year.And going to deposit
income tax after closing the F.Y, called Assessment year
2010-2011.
Regards,
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