Advertisements
Advertisements
Question
What is an assessment year?
Advertisements
Solution
The term has been defined under section 2(9). The year in which tax is paid is called the assessment year. It normally consists of a period of 12 months commencing on 1st April every year and ending on 31st March of the following year.
APPEARS IN
RELATED QUESTIONS
Choose the Correct Answer.
The period of assessment year is ______
Choose the Correct Answer.
The year in which income is earned is known as ______
Choose the Correct Answer.
The aggregate income under five heads is termed as ______
Define the term person?
What is Gross Total Income?
List out the five heads of income.
What do you mean by Total Income?
Elucidate any five features of Income Tax.
List out any ten kinds of incomes chargeable under the head income tax.
Discuss the various kinds of assesses.
