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What is the assessment year (AY) and financial year (FY) in an Income Tax?

What is the assessment year (AY) and financial year (FY) in an Income Tax?Many taxpayers confuse fiscal year (FY) and assessment year (AY). They usually treat them the same, which is why they make mistakes when filing income tax returns.What is a financial year?The financial year (FY) is the period…

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Feb

TDS ON PURCHASE OF PROPERTY FROM NRI SECTION 195

TDS ON SALE OF PROPERTY BY NRI IN 2022 TDS ON PURCHASE OF PROPERTY FROM NRI SECTION 195This article provides detailed information on the application of TDS on the sale of property by NRIs in India. The following topics are described in detail in this article.IMPOSITION OF TDS ON SALE…

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