what is assessment year and previous year ?
Answer Posted / vijay
Assessment Year and Previous year are same, Assessment year
are which from 01.04.2010 to 31.03.2011 and Previous Year
are also from 01.04.2010 to 31.03.2011. Total Income of the
previous year was 4,00,000/- and Income Tax you must pay
for Income you earned in the Previous year (4,00,000)to
Income Tax in Financial Year (i.e) from 01.04.2011 to
31.04.2011 is called Assessment year. Assessment year is
the year to pay tax for the Income you earned in previous
year.
ASSESSMENT YEAR - 2010-2011, PREVIOUS YEAR - 2010-2011 &
FINANCIAL YEAR - 2011-2012
Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
WHAT IS THE PROVISION OF TDS RECEIVABLE AT THE TIME OF YEAR ENDING GIVE THE EXAMPLE WITH ENTERY ON MY E.MAIL sonidilip87@yahoo.com
What are the deductions under salary head?
what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?
what is fillup form when company issue c form
WE purchase Firewell for our office Rs.26500/- the vendor charge 5% vat on 26500=1325 and S.Tax 14.5% on 26500/- =3843 is it is possible please clarify
Physician samples should be charged under CST @ 5% manufactured in H.P. and transferred to other states
In one year how many times tds, service tax, and Mvat is paid?
I wanted to know about the taxes in haryana on Software Licenses ( Paper licenses). what is the % of service tax and VAT. and the both the taxes is charged on Base Amount or service tax is charged first and then VAT is calulated on the amount with Service TAX?
meaning of accessory for central excise purpose
if company is registered in West Bangal and goods are purchased from Maharashtra for export, and export will be done from Maharastra, then who can issue the H form?
What is supporting documents enclosed & must be required to Submit of quarterly & Yearly Sale Tax Return (Haryana)
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.
Dear Sir/Mam Please send me a return under delhi vat for learning purpose Thank & Regards Sonu Kumar
IF a vendors charges WCT @8.75% what is the rate of TDs to be deducted against that? & can we take the Input of it?
taxes leivied on carpentar & plumbing services