https://www.taxtmi.com/circulars?id=9748 Income for an assessment year must be treated as a single unit: unassessed income from a period prior to adoption of the financial year combined with the financial year's income is to be aggregated and taxed at the rates prescribed in the Finance Act, which are referenced to the assessment year rather than the financial year. en-us Tue, 28 Apr 1987 00:00:00 +0530 Wed, 08 Jun 2011 17:43:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/circulars?id=9748 Income for an assessment year must be treated as a single unit: unassessed income from a period prior to adoption of the financial year combined with the financial year's income is to be aggregated and taxed at the rates prescribed in the Finance Act, which are referenced to the assessment year rather than the financial year. Circulars Income Tax Tue, 28 Apr 1987 00:00:00 +0530 https://www.taxtmi.com/circulars?id=9748