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financial year, is the given year where u have earned your income..This is a period used for calculating annual income on which you can calculate tax to be paid. Assessment year is the year in which the income earned is
assessed. This is done for filing returns. In other words previous year is the year in which income is earned and following year is assessment year where u file your returns., based on the income what you have earned previous year.
earned. Eg. AY 2007-08 and prev year is 2006-07.
What else can I help you with?
What is assessie and assessment year with respect to taxetion?
In taxation, assessie refers to the person or entity that is subject to assessment by the tax authorities. The assessment year is the year in which income is assessed for tax purposes, usually the year following the financial year in which the income was earned.
What is thedifference between formative and summative assessment?
All formal assessments are summative, but not all summative assessments are formal. Formal assessments are standardized and administered in controlled environments typically once a year or less frequently, and scores are utilized for the sake of comparison. Summative assessments gauge a large amount of content acquisition, such as most district and state standardized tests, but they are not always conducted in regulated settings, they can happen multiple times per year, and there is not always a baseline score for comparison. End-of-unit tests or end-of-semester projects are summative but not formal.
What are the difference between normal school and year round school?
Normal schools typically follow a traditional nine-month academic calendar with summers off, while year-round schools have shorter breaks throughout the year and a more balanced distribution of instructional days. Year-round schools aim to reduce learning loss, provide more opportunities for enrichment, and allow for more flexible scheduling options for students and teachers.
What are the assessment practices in education?
Assessment practices in education typically involve evaluating students' learning progress, understanding, and skills. This can include formative assessments (ongoing feedback to improve learning), summative assessments (end-of-unit or end-of-year evaluations), and diagnostic assessments (identifying strengths and weaknesses). Assessments can be conducted through quizzes, tests, projects, presentations, observations, and more to ensure a comprehensive understanding of student learning.
How do you get the money for school year round?
To get money for school year-round, you can apply for scholarships, grants, and financial aid. Consider part-time jobs, internships, or work-study programs to supplement your income. Additionally, budgeting, saving, and looking for additional sources of income can help cover expenses.
What is the difference between financial year and accounting year?
They are the same; in the financial year we earned income.
How many weeks are in a financial year?
52 ... The difference between this and a standard year is that a financial year can start on any date so long as it continues for 52 consecutive weeks thereafter.
What is the difference between TTM (trailing twelve months) and YTD (year-to-date) financial performance metrics?
The difference between TTM (trailing twelve months) and YTD (year-to-date) financial performance metrics is that TTM looks at the past 12 months of financial data, while YTD focuses on the financial performance from the beginning of the current year up to the present date.
What is assessie and assessment year with respect to taxetion?
In taxation, assessie refers to the person or entity that is subject to assessment by the tax authorities. The assessment year is the year in which income is assessed for tax purposes, usually the year following the financial year in which the income was earned.
What is the major difference between finance and accounting?
The major difference between finance and accounting is that, accounting is general, deals with all economic facts that occur throughout the financial year, financial is specific deals only with finances
What is the difference between dividend paid at the end of the financial year and interim dividend?
final dividend is paid after close of financial year.interim dividends are paid during financial year depending upon company financial health & policies.
What is the Difference between budget and actual expenditure?
Budget is the projected financial estimate in a given year, whilst expenditures are the actual expenses incured in carrying out the budget.
What is the difference between grade 11 and grade 12?
A year and a year of maturity. The difference in a year of growing up is huge.
What is difference between final and proposed dividend?
Proposed dividend refers to the amount expected to be paid to shareholders. Final dividend is the official dividend paid to shareholders at the end of a financial year.
What is the difference between leap year and no leap year?
1 day :)
What is the difference between centurydecade year?
90 years
The Financial year of RBI extends between?
1-july to 30-june
