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Hello Sir,
Just a quick clarification, if lets say financial year 2013/14, would say it as FY 2013 OR FY 2014?
Thanks
You need to read the OT course notes chapter 15 section 1.2 and preferably listen to the lectures.
There is no Financial Year 2013/14 – this is a tax year used for individuals – there is as you say FY 2013 and FY 2014 which run from April 1 to March 31 and are denoted by reference to the year in which they START so that FY 2013 runs from April 1 2013 to March 31 2014
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