what is assessment year and previous year ?
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Answer Posted / ahmed sait
Assessment year is a period of 12 months starting from the
1st april to 31st march following the previous year......
Previous year is the financial year which need not be a
period of 12 months preceeding the assessment year....
income earned in the previous year 2012-2013 will be
assessed in the assessment year 2013-14....If the answer is
wrong pls send the right answer to ahmedsait@gmail.com
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