GENERAL KNOWLEDGE

GK

PUBLIC ADMINISTRATION

Question [CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
What time of year is the most busy for professionals in the Revenue and Taxation Pathway?
A
April-September
B
September-January
C
January-April
D
December-March
Explanation: 

Detailed explanation-1: -What Is Tax Season? Tax season is the time period, generally between Jan. 1 and April 15 of each year, when individual taxpayers traditionally prepare financial statements and reports for the previous year and submit their tax returns.

Detailed explanation-2: -You must file your income tax returns (ITR) for the financial year ending 31st March by 31st July of the same year. If your total income, before deductions, is more than Rs. 2.5 lakh (Rs.

Detailed explanation-3: -The federal fiscal year used by the federal government and its agencies, which begins October 1 and ends September 30. School districts, which use a fiscal year beginning July 1 and ending June 30. Retailers, which use a fiscal year beginning February 1 and ending January 31. 05-Jan-2023

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