Question

For computation of income tax which is the assessment year of
financial year 01-04-2016 to 31-03-2017 ?​

Answer 1

Answer:

Assessment Year will be

01-04-2017 to 31-03-2018

Explanation:

Explanation:Difference between Financial Year and Assessment Year. As a person we earn income in one financial year and it gets taxed in the next financial year. FY is the year in which income is earned and the year in which income is taxed is known as Assessment Year.