Interested to Buy Any Domain ? << Click Here >> for more details...
what is assessment year and previous year ?
- 50 Answers
- 168648 Views
- Bank Exams, Chartered Accountant, ICICI, SSC, TATA, I also Faced
- E-Mail Answers
Answer Posted / rajesh kumar srivastava
ACCORDING TO SECTION 2(9)ASSESSMENT YEAR (AY) IS THE PERIOD
OF 12 MONTH WHICH STARTS FROM 1ST APRIL AND ENDS 31ST MARCH.
ACCORDING TO SECTION 2(34),PREVIOUS YEAR MEANS THE PREVIOUS
YEAR AS DEFINED IN SECTION 3 OF THE ACT. SECTION 3 OF THE
ACT DEFINES PREVIOUS YEAR AS THE FINANCIAL YEAR IMMEDIATELY
PRECEDING ASSESSMENT YEAR e.g.INDOME EARNED DURING PREVIOUS
YAER 1.4.2009 TO 31.03.2010 WILL BE ASSESSED OR CHARGED TO
TAX IN A.Y. 2010-2011
| Is This Answer Correct ? | 3 Yes | 0 No |
Post New Answer View All Answers
WHAT IS THE DEPREATION RATE FOR COMPANY, EXPLAIN DETAILD WITH EXAMPLE & ENTERY , PLEASE GIVE ME THE DETAIL OF IT ON MY E.MAIL sonidilip87@yahoo.com
F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?
what is the exise limit in granite manufacturing
Does the tax liability of an individual get affected due to his residential status? If yes, explain.
What is Stock Reconciliation Statement , why we make the Stock Reconciliation Statement.
If A manpower supplier bills to a acompany for rs.100000 for pure labour supply what entry will be done in terms of reverse charges.
we have sale material to party and freight paid by us. This freight charged in sale invoice than what is the entry of service tax in this case.
what is city commodity tax
I raised a service tax invoice against a client on which i charged service tax and without receiving any sum from client a deposited service tax on good faith but now client refuses to pay sum . so please, tell me what should i do.
We made full payment to contractor and forget to deduct TDS on that.Now contractor ledger is fully settled and we have to pass the TDS entries on that. Kindly guide rectify the entries on tds
What is Cenvat
Pl give the abstract details of Karnataka VAT Payment procedure, rebating, returns filing in connection of manufacture, distributer & retailer.
what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?
Beginning Balance, Dec. 31, 20xx Creditable Income Tax 211,829.00 Income Tax Payable (132,808.00) > Balance 79,021.00 ITR (1st Quarter) - Jan. 31, 2016 - Mar. 31, 20xx Normal Tax (30% of Taxable Income) 2,205.02 MCIT (2% of Gross Income) 7,865.71 Aggregate Income Tax Due (Normal Tax vs. MCIT whichever is hihger) 7,865.71 Less: Tax Credits/Payments Prior Years Excess Credits 79,021.00 Creditable Tax Withheld - 79,021.00 Tax Payable, per return (71,155.29) What should be the entry in my book to record the above transactions? Thank you!
What is the difference between Indian and us taxation
