gunesh
asked
Hi Can I know, Which is the current Assessment Year?
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narahari
answered
Financial year starts from 1st April and ends on 31st March (wherein there is income pertaining to the whole year or part of the year).
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Anshul Dhawan
answered
In the tax language financial year means normal year 2015-16 and if you talk about assesment year then it is just following financial year i.e 2016-17.
Thus current Assesment year is 2016-17
veeru
answered
As Far as Your Query Is Concerned With Which is the current Assessment Year.
Let me Informed Gunesh Ji ,
The Current Assessment Year Is 2016-2017.
Gunesh Ji , Assessment Year means the year that comes after the financial year in simple word.
the current financial year is 2015-2016.
Anshul Dhawan commented
over 3 years ago
In the tax language financial year means normal year 2015-16 and if you talk about assesment year then it is just following financial year i.e 2016-17. Thus current Assesment year is 2016-17
Amit Goyal
answered
Dear Gunesh Ji ,
As Far as Your Query Is Concerned With Which is the current Assessment Year.
Let me Informed Gunesh Ji ,
The Current Assessment Year Is 2016-2017.
Gunesh Ji , Assessment Year means the year that comes after the financial year in simple word.
the current financial year is 2015-2016.
so absolutely the assessment year = financial year + 1 year= 2016-2017
Thanks
With Best Regards
Amit Goyal
CA Sandeep Bohra
answered
**Which is the current Assessment Year?**
--Financial year starts from 1st April and ends on 31st March (wherein there is income pertaining to the whole year or part of the year). Assessment year is the year immediately following the financial year wherein the income of the F.Y. is assessed.
**Example of Current Assessment Year**
--if you are filing a return this year, the financial year will be 2015-16. For example, if you have had an income between 1 April 2015 and 31 March 2016, then 2015-16 will be referred to as FY. AY is the year in which you file returns, which will be 2016-2017
Chirag
answered
Financial year starts from 1st April and ends on 31st March (wherein there is income pertaining to the whole year or part of the year). Assessment year is the year immediately following the financial year wherein the income of the F.Y. is assessed.
