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previous year

Defined in 9 provisions, side by side
Section 3, IT Act 1961Repealed
The words as enacted

For the purposes of this Act, "previous year" means the financial year immediately preceding the assessment year: Provided that, in the case of a business or profession newly set up, or a source of income newly coming into existence, in the said financial year, the previous year shall be the period beginning with the date of setting up of the business or profession or, as the case may be, the date on which the source of income newly comes into existence and ending with the said financial year.

No scope words printed.

Section 2, Wealth-Tax Act, 1957[S1EC08]Synthetic
The words as enacted

"previous year" means the financial year immediately preceding the assessment year

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 3 May 1957.

Section 2, Gift-tax Act, 1958[S1EVHS]Synthetic
The words as enacted

"previous year" means the financial year immediately preceding the assessment year

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 27 December 1958.

Section 2, Taxation Laws (Continuation and Validation of Recovery Proceedings) Act, 1964[S1J827]Synthetic
The words as enacted

"previous year" means the financial year immediately preceding the assessment year

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 24 July 1965.

Section 2, Taxation Laws (Extension to Jammu and Kashmir) Act, 1972[S1NG4S]Synthetic
The words as enacted

"previous year" means the financial year immediately preceding the assessment year

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 17 July 1972.

Section 2, Interest-tax Act, 1974[S1P4A7]Synthetic
The words as enacted

"previous year" means the financial year immediately preceding the assessment year

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 7 January 1975.

Section 2, Expenditure-tax Act, 1987[S1VG1C]Synthetic
The words as enacted

"previous year" means the financial year immediately preceding the assessment year

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 12 August 1988.

Section 2, Black Money (Undisclosed Foreign Income and Assets) and Imposition of Tax Act, 2015[S26YKP]Synthetic
The words as enacted

"previous year" means the financial year immediately preceding the assessment year

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 25 April 2015.

Section 2, Direct Tax Vivad se Vishwas Act, 2020[S29P15]Synthetic
The words as enacted

"previous year" means the financial year immediately preceding the assessment year

Scope words as printed: “In this Act, unless the context otherwise requires,—”. This text from 9 October 2020.

Used in the definitions of 0 other terms
No definition held uses this word.
Appears in 3 instruments
IT Act 1961[A100WA]ActRepealed1961
3provisions, 6 occurrencesopen
Gratuity Act[A1013N]Act1972
2provisions, 2 occurrencesopen
Circular 186/2022-GST[C106B7]Circular2022
1cbic-circular-186-2022-paras2 occurrences