With the discontinuance of the use of the term ‘assessment year’ in the Income-tax Bill, now the term ‘tax year’ will now be ...
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New Income Tax Act: No more 'assessment year' or 'previous year' - Must know changes for taxpayers, don't miss out!
New Income Tax Act: A ‘tax year’ is a period of twelve months contained in a financial year. It replaces the term ‘previous year’ used in the Income-tax Act, 1961. With the discontinuance of the use ...
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