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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 Co .....

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es made in the past on the desirability of change in financial year; (ii) The suitability of the financial year from the point of view of - a. correct estimation of receipts and expenditure of Central and State Governments; b. the effect of the diffe .....

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work; and h. other relevant matters. The Committee may, after due examination of all relevant factors, recommend the date of commencement of the financial year which in its view is the most suitable for the country. In case a change in the financial .....

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