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Which is the current Assessment Year?

Open uri20170510 32134 ughyv5?1494421703 gunesh asked over 2 years ago

Hi Can I know, Which is the current Assessment Year?

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7 Answers
Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 narahari answered about 2 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).

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Open uri20170510 32134 59004f?1494421790 Anshul Dhawan answered over 2 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

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 veeru answered over 2 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.

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Anshul Dhawan commented about 1 year 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

Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Amit Goyal answered over 2 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

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 CA Sandeep Bohra answered over 2 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

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 Chirag answered over 2 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.

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Avatar 37a3bd7bc7328f0ead2c0f6f635dddf60615e676e6b4ddf964144012e529de45 jitendra etikala answered over 2 years ago

The Current Assessment Year is 2016-2017

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