What is the term for the 12-month cycle starting in April and ending in March for which taxes are calculated in India? Option: "Assessment Year", "Fiscal Year", "Financial Year", "Tax Year"

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What is the term for the 12-month cycle starting in April and ending in March for which taxes are calculated in India?

"Assessment Year"

"Fiscal Year"

"Financial Year"

"Tax Year"

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What does the term 'FY' represent in the context of income tax in India?

"Filing Year"

"Fiscal Year"

"Financial Year"

"Fund Year"

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When does the financial year in India commence and conclude?

"April 1st to March 31st"

"January 1st to December 31st"

"July 1st to June 30th"

"October 1st to September 30th"

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In the Indian tax system, what is the name for the year in which you file your tax return for the previous year's income?

"Tax Filing Year"

"Financial Year"

"Previous Year"

"Assessment Year"

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Which of these is a key term related to income tax in India?

Goods and Services Tax (GST)

Securities and Exchange Board of India (SEBI)

Financial Year (FY)

Value Added Tax (VAT)

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What is the time limit for claiming an Income Tax Refund?

"Within 6 months of filing the Income Tax Return"

"Within 3 months of the end of the assessment year"

"Within 12 months of the end of the assessment year"

"Within 24 months of the relevant financial year"