Previous year and assessment year Previous year The financial year in which income is earned is referred to as previous year. Sections of 3 of the income tax act define the previous year to means a financial year immediately proceeding the assessment year. In case of business or profession newly set up of sources of income newly come in to… Read moreIncome tax Notes

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Income tax notes for AY 2011-12 you may also get notes form the following link too, http://www.techshristi.com/search.php?s=Income+tax+notes we are trying our best categorization….

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