Income Tax:: What is Previous Year(P.Y.) and Assessment Year|(A.Y)

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Me😂

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Isme hasne ki kya baat h

[@KamaleshBhamare]

This year use this: Assessment Year 2024-25 Financial Year 2023-24

[@artbyuzma8683]

Points to note 1. Previous year is a year which is of 12 months, starting from 1st april to 31st march and it is immediately preceeding assessment year 2. Income of previous year is assessed and taxed in A.Y for eg: Tax of Income earned in 2017-18 should be paid in 2018-19 3. Assessment year is an year in which income of previous year is assessed & taxed 2018-19 is A.Y for 2017-18 4. Every P.Y is also A.Y for P.Y and vuce versa //// Exceptions //// Meanings : ➡ When P.Y income is assessed & taxed in same year. Eg: 2017-18 income earnes and taxed in same year. >> residents who work in shipping business >> partnerships for short terms >> residents leaving india, permanently >> company cease to exist or business stopped before 31st march, pay the tax in the same year

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Tq❤

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Thanks

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sbse boring subject tha yeh mere liye sir par jbse apke channel ko subscribe kiya aur apke vedios dekhna shuru kiya mera interest is subject me aane lga thank you so much sir December 10 ko mera income tax ka exam h please give me some tips sir 🙏

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Sach me bhai or sir ki vedio lambi jarur hoti h lekin boring nahi😅😅

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Sach ma yrr

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Thank you so much sir, the way you are teaching it's really great 💯💯

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Thank you sir, i spent most of time in your videos

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You are the best sir 😊😀 now I am going to see all your videos... Thank you very much sir for helping 😊😊

[@mandeepkaurkhehra886]

Very well explained sir... Your way of teaching is too good😊😊

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Thank u sir 🤗 this lecture really helpful for me 🥰🥰

[@manshigupta8867]

Very easy very helpful for me..pura concept clear hogya maera

[@nishathfathima6294]

Wonderful way of teaching, thank u sir ✨

[@kishanvideocamera3967]

बड़े भाईया आपका बहुत-बहुत धन्याबाद ये जानकारी दे के मुझें बहुत अच्छा लगा।,हम Previous year और Assessment year के बारे में बहुत confus था आपका video देखके हमें बहुत अच्छा लगा।धन्याबान..!

[@nitingoel]

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Thanks sir aap ki samjhana ka tareeka Or point btana ka tareeka bhot accha... Thank you sir .

[@priyanshisharma8950]

Thank you so much sir itna acha phdaane ke liye

[@patelvivek7556]

Many Thanks to clear my understanding of AY and PY

[@latifcreation3260]

Very good explanation sir really .. I understand this topic in very easy steps thank you so much sir

[@abhisheksinghsagar9703]

sir its a request kindly do not put background music,it really distracts while focusing. plz take care of this point,and thank you for helping us... god bless you :-)

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Sir. Your way of teaching is so great

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You way of teaching is calm and amazing .

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This is very helpful video for me sir g. Thanks allot 💗

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Ur video is very helpful for me.... Thank u so much

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Sir ur theory part was super to understand the concept ..plz explain practical taking one example sir

[@singhinderjit31]

I am not commerce student and I was about to file ITR & was confused about the concept. Thanks for clearing my Doubt.

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Thank you so much sir very well explained

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Hello sir I have seen all videos of Principal of Taxation Law for my B.A.LL.B. semester exams just because of your lectures videos I have scored 86/100 in Taxation Law .Thx sir

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[@pradhan2001]

thank you sir aap ne bohut aache exlain kiya..

[@vishalgupta2846]

Very nice, Sir. Thank you.

[@vandnasharma7128]

Sir this video is very helpful for me and plz make video on theory of income from house property

[@viki-e-pedia7242]

You made it so simple sir thnk u

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Sar u are very good teacher. Thank you

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Sir very helpul for tommoro's exam . Thank you

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Sir aap ka samjha nay ka tarika bhut aacha h 😊😊

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Thanks sir..Ache se smj m aa gya sb😊

[@arpitgoyal1664]

If their is any video on computation of total income in assessment year nd pervious year plz sir provide link

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Excellent Sir...God bless you sir

[@nitingoel]

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Thanks , a very good explanation.

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Thanks.. It Helped.

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[@biswajitbhuyan9533]

Sir, Last year I got Feb salary bit late... Can I file the same income in my returns this year or re file previous year

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thank you😊

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Thanks and Regards

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Thank you so much for explaining its really helpful and the method is really good Sir ..looking forward to learn more lessons for other subjects of Bcom (hons) II.

[@nitingoel]

Thank you so much Dear Himani. You can check the playlist for other chapeters as well in income tax. Will difinitely try to contribute with more subjects. Please do share among groups to support the channel to grow fast 👍👍😊😊

[@himanidhawan8059]

@@nitingoel Yes Sir will definitely share this video and will look for other lessons too.😊

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[@diptimannsharma1813]

Sir, Is a similar exception applicable for salaried individuals also ?

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Thank you ❤️

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(iii)Interest shall be credited in account at the end of each Financial Year at the interest rate prescribed by Ministry of Finance esh ka kya matlab hai sir interest kab milega

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Very well explained sir

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[@sushilkumargautam8517]

Sir, I joined a company in 01/march/2017 and resigned in 31/12/2018 and now I want to withdraw my full PF amount now. Then what will be assessment year..???

[@neetuverma9348]

Namaste Sir Please provide more videos on Income tax