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Commerce · Q448

Income Tax and Corporate Tax

Graduate and Post Graduate · Commerce · question 448

Q448

A new business which maintains accounts on Diwali to Diwali basis for the assessment year 2013-14, the previous years of the said business will be:

A.
Diwali, 2013 to 31st March 2013
B.
Diwali, 2012 to 31st March 2013
Answer
C.
Diwali, 2011 to 31st March 2013
D.
1st April 2012 to 31st March 2013
E.
1st May 2012 to 31st March 2013

Answer: Option B

Solution

Answer: Option B
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