what is assessment year and previous year ?
- 50 Answers
- 149632 Views
- Bank Exams, Chartered Accountant, ICICI, SSC, TATA, I also Faced
- E-Mail Answers
Answer Posted / avinash singhal
Assessment Year is an year in which Income earned in the previous year is assessed and tax liability is calculated. For example, Income earned from 01-04-2013 to 31-03-2014 (Previous year 2013-2014) then the tax liability will be computed after 31-03-2014 i.e., from 01-04-2014 which is 2014-2015 (assessment year).
| Is This Answer Correct ? | 0 Yes | 0 No |
Post New Answer View All Answers
what will be my tax if i suddenly got 800000 to 1000000 in my bank by chq from sale of an old house?
Sir My, Que. We recived hotel housing & bording charges so i have dedu. tds when section
Hi, Please guide me in the TDS calculation. I know the slabs.But I dont have much idea about the deduction part.What is the need of Bsic and HRA while calculating TDS.Also I heard that LIC, Rent etc is excempted from TDS.Please guide me...my email id is tinjusyriac@gmail.com Thanks in advance..
what is cenvat credit? plz tell service tax interest rate and watz it procedure...
Can I know the full description about capital and revenue in nature? and also the expenses that allowed for tax and not allowed for tax?
what is the rate of interest when an assesse paid tax after the due date in the prescribed time limit?
what is the significance of business taxation in private company?
If concern supply garments from outside purchase to movie producer for their production then is it maintain Service Tax if yes then how and at first what steps I have to take?
what is procedure of calculation of TDS by bank?
what is the exise limit in granite manufacturing
When and how Wct is applicable on Labour Job Work and what is the percentage?
How can I Return CST Form-I
F FORM RECEIVED FROM SUPPLIER, NOT DEDUCTED GOODS RETURN AMOUNT THEREAFTER WHAT IS THE PROCEDURE DONE BY DEALER?
Please help me to find VAT Rates of the follwing Items in A.P 1.Fiber Glass -CSM -Roving W.R Polyster Resin G.P{general purpose)Roofing,ISO Thanks & Regards Mohan .V
What is the Procedure of Import & Export
