Math, asked by sutrikasahu0404, 3 months ago

The period from 1st April to 31starch is taken as financial year

Answers

Answered by avniverma75

3

Answer:

The 2020 tax year is the assessment year 2020-21 and previous year 2019-2020 in India. A financial year (FY) is the period between 1st April to 31st March, the year in which a taxpayer earns his income. This income is subject to tax in the assessment year. An assessment year starts just after the financial year.

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