A fiscal year (or financial year, or sometimes budget year) used by governments for accounting and budget purposes, which varies between countries. Understand difference between financial year , calendar year, assessment year in details.
Once you understand meaning of financial year , calendar year and assessment year. You can understand difference between assessment year and financial year
Filling your income ta returns and understanding finances will be easy. We have also given examples for better understanding of financial year and calendar year.
What is #Financial Year?
The financial year (FY) is the year in which you earn an income.
What is #Assessment Year?
After understanding questions to above you can understand #difference between financial year vs assessment year
Some important updates of assessment year are also part of video.
Difference between assessment year and financial year
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