Difference Between Assessment Year (AY) and Financial Year (FY)Taxes in India
There is often confusion among taxpayers regarding the distinction between the Financial Year (FY) and the Assessment Year (AY). This misunderstanding can result in errors when filing income tax returns. It is important for taxpayers to understand the difference between these two terms in order to accurately report their financial information to the tax authorities. […]
Taxes in India
Tax is one of the government’s most significant income sources, helping them build our country’s economy and infrastructure. Therefore, as a responsible citizen, you must pay taxes. However, it is also crucial to know the different types of taxes in India implemented in the taxation system. In India taxes are levied by the Central Government […]