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InterviewSolution
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What Is Assessment Year And Previous Year? |
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Answer» Assessment year is the year in which the INCOME EARNED is ASSESSED. Previous year is the year in which income is earned. Eg. AY 2009-10 and prev year is 2008-09 Assessment year is the year in which the income earned is assessed. Previous year is the year in which income is earned. Eg. AY 2009-10 and prev year is 2008-09 |
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