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What does AY stand for?

AY stands for Assessment Year (business/tax)

This definition appears frequently and is found in the following Acronym Finder categories:

  • Military and Government

See other definitions of AY

Other Resources:
We have 8 other meanings of AY in our Acronym Attic

Samples in periodicals archive:

THE Andhra Pradesh income tax authorities have slapped taxes close to ` 8 crore on the Hyderabad Cricket Association ( HCA) under " various heads" for assessment year 2010- 11, during which the body hosted an India- New Zealand Test match.
Allaying the fears of the Indian expatriates, financial expert and head of project financing in RasGas, Ravi Shankar, said according to DTC proposal, an NRI will be deemed as resident for an assessment year ONLY in such conditions as if he stays in India for 182 days or more in the previous year OR if his stay in India should be 60 days or more in the previous year and 365 days or more during the four years immediately preceding the previous year.
Furthermore, in case an NRI resides in India for a period of 365 days or more over a period of four years prior to the assessment year, he is also liable to pay tax on his global income.