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Difference Between Assessment Year (AY) and Financial Year (FY)

Knowing the difference between Assessment Year (AY) and Financial Year (FY) for a common taxpayer is quite baffling. People often use AY and FY interchangeably and this sometimes leads to errors at the time of filing the ITR (Income Tax Return). In this article, we have put together all the minute details about Assessment Year … Read moreDifference Between Assessment Year (AY) and Financial Year (FY)