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what is assessment year and previous year ?
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Answer Posted / neeharika sahu
Assement year means the
period of 12 months
commencing on the 1st
day of april every year.
Wheres previous year is
the financial year
preceding the assessment
year...
E.g.assement year
2011-2012 the previous
year should be the
financial ending on 31st
march,2011
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