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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 / manikprabhu s uttarwar
In Income Tax Assessment year = (Financial Year +1)
e.g. for Financial Year 2009-10 , Assessment year will be called as Assessment Year 2010-11.
And in Sales Tax Financial Year = Assessment Year
e.g. for Financial Year 2009-10, Assessment year (Sales Tax) will be the same as Assessment Year 2010-11
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