Financial year vs assessment year

FY is the year in which you earn an income. AY is the year following the financial year in which you have to evaluate the previous year’s income and pay taxes on it.

For instance, if your financial year is from 1 April 2019 to 31 March 2020, then it is known as FY 2019-20. The assessment year for the money earned during this period would begin after the financial year ends – that is from 1 April 2020 to 31 March 2021. Hence, the assessment year would be AY 2020-21.

-1

Similar codes

0 vote154 views1 answer
Col
CSS
4 votes175 views2 answers
Composer switch to version 1
CSS
53 votes136 views6 answers
Css transparent background image
CSS
8 votes149 views3 answers
Bootstrap file upload
CSS
10 votes193 views4 answers
Bootstrap badges Links
CSS Bootstrap
42 votes231 views5 answers
Npm bootstrap
CSS Bootstrap
152 votes191 views6 answers
How to add bold in css
CSS
0 vote155 views1 answer
How to create wave like border
CSS
1 vote181 views1 answer
CSS technique for a horizontal line with icons in the middle
CSS
0 vote145 views1 answer
React bootstrap css module use media query mixin
CSS