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What is Financial Year?

Monday, March 11, 2019, 11:43 AM

A financial year is the one year period in which you earn your income. The financial year begins in the month of April and ends in the month of March of the following year. The income that is earned during the financial year is assessed and taxed in the assessment year. India follows the financial year from April-1st to March-31st of the following year.

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