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what is assessment year and previous year ?
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Answer Posted / atul singh sengar
The period of 12 months commencing on the first day of
april every year.(Assessment year)
previous 'mean ' 'coming before', previous is thee
financial year preceding the assessment year ,e.g..,
assessment year 2011-2012 the previous year would the
fincancial year ending 31 march 2011.
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