11-30-2004, 08:57 AM
Assesment Year means the assesment year as defined in the REPEALED Ordinance ( i.e ITO 1979) section 2(8) of the repealed ordinance defined the assesment year as below
Assesment Year means a period of 12 months begining on the first day of july nest following the income year. it also includes any such period, which is deemed to be the assesment year in respect of any income, or income year .from the above defination it should be noted that
1> assesment year is a period of 12 months
2> assesment year starts on 1 july immediate after the colse of the income year.
fpr emaple....
TAX PAYER income year end income year AS year Start ASS year<b></b>
MR A 31-03-2003 2002-2003 01-07-2003 2003-2004
i think it 'll help u out )
Never seek advice from a Chartered Accountant. They are trained to find problems not solutions.
Assesment Year means a period of 12 months begining on the first day of july nest following the income year. it also includes any such period, which is deemed to be the assesment year in respect of any income, or income year .from the above defination it should be noted that
1> assesment year is a period of 12 months
2> assesment year starts on 1 july immediate after the colse of the income year.
fpr emaple....
TAX PAYER income year end income year AS year Start ASS year<b></b>
MR A 31-03-2003 2002-2003 01-07-2003 2003-2004
i think it 'll help u out )
Never seek advice from a Chartered Accountant. They are trained to find problems not solutions.
