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

Related MCQs

• Interest on loan for self-occupied house taken before 1st April, 1999 will be allowed up to
• House property held for less than 36 months is .
• When the portion of the house is self-occupied for the full year and portion is self-occupied for the whole year, the annual value of the house shall be determined by .
• Previous year means the financial year immediately preceding the .
• The assessment period for income tax on salary is .
• In terms of section 2(42A), listed securities are treated as long-term capital asset, if they are held for a period of more than –
• As per Income Tax Act, 1961, income tax is charged on the income of at a rates which are prescribed by the Finance Act of relevant assessment year.
• Agricultural income is completely exempted for assessment year
• The income of previous year is chargeable to tax in the .
• The Income tax rate for the financial year 2016-17 for individual is…………..