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    				| 1. | 
                                    As per income tax act accounting period is? | 
                            
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Answer»  he technical phrase of the INCOME TAX LAW, this ACCOUNTING or financial year is also known as the “previous year” of the assessee. For example, the PERIOD starting from 1 April 2012 and ending on 31 March 2013 will be treated as the financial year (FY) 2012- 2013, or the accounting year 2012-2013.  | 
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