The period of 12 months commencing on the first day of April every year and ending on 31st March is called as .

Related MCQs

• Assessment year is the period of 12 months commencing from_every year.
• Gain on disposal of immovable property is chargeable to at _____%, where holding period is up to one year.
• Previous year means the financial year immediately preceding the .
• Mr. X has started his business from 2nd Sept,2019 and does not have any other source of Income, his first previous year will start from
• Income tax is paid by every individual depending on his
• Every assesse has to file return of income if their taxable income exceeds
• In the case of every senior citizen resident in India, tax rebate under section 87A is ______.
• Capital gain tax shall not be chargeable on disposal of securities which are held for a period of __________.
• Deduction under Section 80C can be claimed for fixed deposit made in any scheduled bank, if the minimum period of deposit is .
• In Assessment year, the tax will be calculated at