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A person has ...

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A person has earned his income during the financial year 2017-18 then write assessment year.

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Solution

If a person has earned his income during the financial year 2017-18 then his assessment year would be $2018 - 2019$

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Similar questions

Write the correct alternative answer for each of the following quesitons.

(i) For different types of investments what is the maximum permissible amount under section 80C of income tax ?

(A) 1,50,000 rupees (B) 2,50,000 rupees (C) 1,00,000 rupees (D) 2,00,000rupees

(ii) A person has earned his income during the financial year 2017-18. Then his assessment year is ....

(A) 2016-17 (B) 2018-19 (C) 2017-18 (D) 2015-16

Q. If the financial year is 2017-18, the assessment year will be ________.

Q. Write one Word / Term / Phrase for each of the following statement.

The income which is earned during the year, but it has not been received during the year.

Q. ______ means the financial year immediately preceding the assessment year.

Q. A person saves every year

20

%

of his income. If his income increases every year by

10

%

, then his savings increase every year by

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