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Synchronisation of financial accounting year with calendar year

News and Press Release - Dated:- 20-7-2016 - Government has constituted a Committee to examine the desirability and feasibility of having a new financial year and give its recommendations by 31st December, 2016. The terms of reference (ToR) of the Committee are as under: Examine the merits and demerits of various dates for the commencement of the financial year including the existing date, taking into account, inter-alia, the following: (i) The genesis of the current financial year and the studi .....

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