Distinction between Assessment Year and Financial Year

By | 2018-08-08T12:31:10+00:00 June 11th, 2016|Categories: Income tax basics|Tags: , , |

The following table shows the distinction between  the Assessment Year and the Financial Year                Financial Year              Assessment Year   A Financial Year, also known as FY, is the year in which the businesses and organizations all over the world calculate their financial statements. [...]