Previous year means the _____________
A) Financial year immediately after the assessment year
B) The period of twelve months commencing on the first day of April every year
C) Financial year immediately preceding the assessment year.
D) Calendar year immediately preceding the assessment year
Correct Answer:
Verified
Q6: In which year is the income tax
Q7: Income earned during what period is taxed_
A)Assessment
Q8: Whose income is chargeable to Income tax
Q9: One who is liable to pay the
Q10: Assessment year is the period of twelve
Q12: Mr. Joshi runs a chemist's shop, accounting
Q13: A company joining with two other Companies
Q14: Residential status is to be determined for
Q15: Income which accrue or arise outside India
Q16: Total income of person is determined on
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