The difference between Fiscal year and Tax year
When used as nouns, fiscal year means an accounting period of one year, not necessarily coinciding with the calendar year, whereas tax year means fiscal year.
check bellow for the other definitions of Fiscal year and Tax year
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Fiscal year as a noun (accounting):
An accounting period of one year, not necessarily coinciding with the calendar year.
Examples:
"New York State has rarely had an approved budget by the beginning of its April 1 fiscal year'"
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Tax year as a noun:
fiscal year