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As per Section 2(9) of the Income Tax Act, 1961, unless the context otherwise requires, the term ‘assessment year’ means the period of twelve months commencing on the 1st day of April every year. Basically the Assessment year is considered to be a 12 months period starting from April 1, during which an assessee is required to file the return of income (ITR) for the previous year and the ITO has to initiate assessment proceedings for such returned income and tax thereon. Since Income Tax is on income of a financial/ previous year or period, so tax filings and assessment can start thereafter
The ancient city of Hampi was the capital of the ______ empire.
What is the primary objective of deworming livestock?
What is the name of the joint special forces exercise between India and Egypt, where the Indian Army contingent comprising 25 personnel participated?
After receiving permission from the Reserve Bank of India, what percentage stake will LIC hold in HDFC Bank?
The Lunar Polar Exploration Mission (LUPEX) is a planned joint lunar mission by the Indian Space Research Organisation (ISRO) and which of the followin...
The spring festival celebrated by the Konyak tribe of Nagaland is known as ______.
Which among the following countries doesn't share its border frontier with India?
To propagate caste equality, ___________ founded the Satyashodhak Samaj.
Which of the Following is true regarding UPI? ( January 2023 )
I - It is an advanced version of Immediate Payment Service ( IMPS )- round – ...
Identify the spice renowned for its anti-inflammatory effects and commonly used in Indian recipes.