The income of previous year is chargeable to tax in the . | Faculties

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📊 Income Tax Law and Practices

Q. The income of previous year is chargeable to tax in the .

(A) Immediately succeeding assessment year
(B) Same previous year
(C) Immediately preceding academic year
(D) None of the above

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✅ Correct Answer: (A) Immediately succeeding assessment year

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