What is preceding period?

British English: preceding /prɪˈsiːdɪŋ/ ADJECTIVE. You refer to the period of time or the thing immediately before the one that you are talking about as the preceding one.

What is meant by the word preceding?

Definition of preceding

: existing, coming, or occurring immediately before in time or place the preceding day preceding paragraphs.

What does preceding 3 years mean?

Three preceding years means the three most recent consecutive fiscal years preceding the date the tax report is required to be filed. [

What is preceding sentence?

Something is preceding if it comes directly before. The preceding sentence is not so much a definition of the word preceding as a description of it. To cede is to give way, so when you use preceding to describe, say, a person, you're essentially describing him as the one that just gave way. Previous is a good synonyms.

Is preceding before or after?

Some common synonyms of preceding are antecedent, anterior, foregoing, former, previous, and prior. While all these words mean "being before," preceding usually implies being immediately before in time or in place.

What does preceding mean?

What does preceding 12 months mean?

preceding twelve months means the twelve months immediately preceding the date the allegedly proscribed act took place.

What is 2021 preceding year?

For assessment year 2020-21, previous year is F.Y 2019-20 and preceding financial year is F.Y 2018-19.

What is preceding previous year?

1) For the purposes of this Act, "previous year" means— (a) the financial year immediately preceding the assessment year; or. (b) if the accounts of the assessee have been made up to a date within the said financial year, then, at the option of the assessee, the twelve months ending on such date; or.

What is preceding number of?

Preceding is the act of coming before or being ahead of. An example of preceding is the number one coming before the number two.

What does preceding 2 years mean?

pre·ced·ing

adj. 1. Existing or coming before another or others: in preceding years; on a preceding page. 2. Existing or coming immediately before another or others: the preceding year; the preceding page.

What is the preceding calendar year?

preceding calendar year means the calendar year immediately preceding the calendar year in which an applicant makes an application under subsection (2) for a certificate; Sample 1. preceding calendar year . (

What's the opposite to preceding?

Opposite of having been referenced or stated earlier. after. ensuing. following. later.

What is the preceding number of 6?

6 (six) is the natural number following 5 and preceding 7. It is a composite number and the smallest perfect number.

What is the preceding number of 4?

5,6,7,8.

What is the preceding number of 5?

5 (five) is a number, numeral and digit. It is the natural number, and cardinal number, following 4 and preceding 6, and is a prime number. It has attained significance throughout history in part because typical humans have five digits on each hand.

What is preceding financial year with example?

It means the year which is immediately before the current year. e.g. Current year is 2018, preceding year is 2017.

Which year is immediately preceding the previous year?

As per Section 3 of the Income Tax Act, 1961, Previous Year is the Year immediately preceding the assessment year. Previous year is also known as Financial Year. It basically means the period starting from April 1 and ending on March 31 of the next year.

Is previous year always a 12 month period?

Therefore, the Previous Year is the Financial Year starting from 1^st April to 31^st March preceding the current Financial Year for taxation purposes. It is the period of 12 months just preceding Assessment Year. The time period in which income is earned which shall be taxed in the next year.

What does 10th preceding year mean?

Preceding year means the year of assessment immediately prior to the year of assessment during which a 'penalty' is assessed; 25.

Is it fy22 or fy21?

The financial year from 1 April 2020 to 31 March 2021 would generally be abbreviated as FY 2020-21, but it may also be called FY 2021 on the basis of the ending year. Companies following the Indian Depositary Receipt (IDR) are given freedom to choose their financial year.

What is the previous year?

Previous Year (P.Y.)

The year in which income is earned is known as the previous year. In layman language the current financial year is known as the previous year. The financial year starts from 1st April and end on 31st March of the next year.

What is meant by 12-month rolling period?

Definition (567 IAC 22.100): A period of 12 consecutive months determined on a rolling basis with a new 12-month period beginning on the first day of each calendar month. Example calculation.

What is the meaning of immediately preceding?

Related Definitions

Immediately preceding means within the previous 90 days.

What is the difference between proceeding and preceding?

Precede means "to come, be, or go before." It can also mean to surpass in rank or dignity. The closely related word proceed means "to continue after a pause" or "to begin and carry on an action." Often precede is related to time, while proceed is related to action. Without further ado, we'll proceed to the article.

What is the preceding number of 10?

10 (ten) is an even natural number following 9 and preceding 11.