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What does AY mean?
Assessment Year (AY) refers to the period of time in which income tax returns are assessed and filed for a particular Financial Year (FY).
For instance, if the financial year is from April 1, 2021, to March 31, 2022, then the assessment year would be from April 1, 2022, to March 31, 2023.
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Frequently Asked Questions (FAQ)
What is the full form of AY in Tax Filing?
The full form of AY is Assessment Year