Question

define previous year​

Answer 1

Answer:

Previous year is a period in respect of which a person has to pay tax. In income tax act the previous year is a period of 12 months beginning from April 1 to March 31. Assessment year is a 12 months period following the previous year during which the assessee has to file his return of income.

Answer 2

Answer:

here's your answer..!!

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. previous year means... the last year...or the year that just passed.....

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hope it helps you

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Explanation:

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.tc