1.

Differentiate Between Financial Year, Assessment Year And Previous Year?

Answer»

ASSESSMENT year and previous year are the TYPES of FINANCIAL year which consists of twelve months starting from 1 April to 31 March. Previous financial year is the preceding year of assessment financial year.

Assessment year and previous year are the types of financial year which consists of twelve months starting from 1 April to 31 March. Previous financial year is the preceding year of assessment financial year.



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