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894 views • Question added Aug 03, 2011 • VAT • By CA Rajnish , CA , gorakhpur


What it mean assessment year in u.p.vat?is it financial year?

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answered Aug 03, 2011 by PRIYANKA , GREATER NOIDA

Assessment year and financial year are same in UPVAT, They are not two different concepts as in case of Income tax. Generally the term Assessment year is used instead of financial year in UPVAT. while filing returns for the period april 2011 to march 2012, it would be called Assessment year 2011-12. Hope ur doubt is clear..:)


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Ashish Karundia

03-Aug-2011 , 10:30:32 pm

As per Section 2(c) of UPVAT Act, 2008 assessment year means the period of twelve months commencing on the first day of April of a calendar year. I hope this serves your purpose

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Om Prakash Prajapati

04-Aug-2011 , 10:09:10 am

Assessment year means financial in Vat act

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CA Rajnish

04-Aug-2011 , 11:11:48 am

Thanks priyanka ji,om prakash ji and ashish ji for giving correct solution and removing my confusion.

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CA VIPIN GARG

04-Aug-2011 , 03:19:14 pm

Yes completely agree with my respodents...............

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PRIYANKA

05-Aug-2011 , 11:59:06 am

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PRIYANKA

05-Aug-2011 , 11:59:22 am

welcome rajnish jee..:)

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