New Enroll in RBI Grade B New Batch - Starts on May 21

    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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