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      Question

      As per taxation terminology, Income of a particular year

      is taxable in the immediately following year. Immediate following year is called as …………………Year.
      A Next Year Correct Answer Incorrect Answer
      B Taxable year Correct Answer Incorrect Answer
      C Previous Year Correct Answer Incorrect Answer
      D Assessment Year Correct Answer Incorrect Answer
      E None of these Correct Answer Incorrect Answer

      Solution

      Income of a particular year is taxable in the immediately following year. The immediate following year is called as Assessment Year.

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