Taxation Question:
Download Job Interview Questions and Answers PDF
Can you please define assessment year for taxation?
Answer:
An assessment year is the period that starts from 1 April and ends on 31 march. It is the year immediately succeeding the financial year wherein the income of the previous financial year is assessed. Government use assessment year for calculating tax on the previous year.
Download Taxation Interview Questions And Answers
PDF
| Previous Question | Next Question |
| Tell me what is an income tax? | Give an example of an assessment year? |