10) Financial year runs fromtoin India

1.	10) Financial year runs fromtoin India
Answer» India's financial year runs from 1st April to 31st March of next year. For income tax purposes, the year falling next to a financial year is known as Assessment Year. It is called so, because assessment of tax liability is done during that period, for the income corresponding to the previous financial year.

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India's financial year runs from 1st April to 31st March of next year.

For income tax purposes, the year falling next to a financial year is known as Assessment Year. It is called so, because assessment of tax liability is done during that period, for the income corresponding to the previous financial year.

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10) Financial year runs fromtoin India

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