NBR ITP Practice Questions - National Board Of Revenue Income Tax Practitioner Exam

Under the Income Tax Act 2023, what is the standard duration of an assessment year?

A period of 12 months starting from January 1 A period of 12 months starting from July 1 A period of 9 months starting from October 1 A period of 12 months starting from April 1

Correct Answer:

A period of 12 months starting from July 1

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