The calendar year starts from

Related MCQs

• The financial year starts from
• Assessment year is the period of 12 months commencing from_every 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
• In Assessment year, the tax will be calculated at
• An individual is said to be resident in India if he stays for_ days during the previous year
• Ordinary resident must stay in India for_ days during the previous year
• As per Income Tax Act, 1961, income tax is charged on the income of at a rate which are prescribed by the Finance Act of relevant assessment year.
• The period of 12 months commencing on the first day of April every year and ending on 31st March is called as .
• Agricultural income is completely exempted for assessment year .