a person has earned his income during the financial year 2017-18 ,then what will be his assesment year
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If a person has earned his income during the financial year 2017-18 then his assessment year would be = 2018-19
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An FY starts on 1 April and ends on 31 March. So, if you have worked and earned income in 2017-18, it will be considered the financial year. Assessment year: On the other hand, assessment year (AY) is the year following the financial year, in which your income is assessed.
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