Financial Year 2025 Means In India

Financial Year 2025 Means In India. Let’s understand more in detail about the fiscal year’s meaning, how it works and more. In this article, we’ll explain the difference between the two in a clear and straightforward way to help you understand how they impact your tax filing process.

Financial year is often shortly termed as fy while assessment year is shortly termed as ay. A person’s financial year is the year in which he or she receives money for tax purposes.