gunesh
asked over 3 years ago
Hi Can I know, Which is the current Assessment Year?
narahari
answered about 3 years ago
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).
Anshul Dhawan
answered 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
veeru
answered over 3 years ago
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.
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 over 3 years ago
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 over 3 years ago
**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 over 3 years ago
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.
