No Extension of the Financial Year

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..... No Extension of the Financial Year
News and Press Release
Dated:- 31-3-2020

There is a fake new circulating in some section of media that the Financial Year has been extended. A notifica .....

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..... tion issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted. There is no extension of the Financial Year. The Finan .....

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..... ce ministry said that a notification has been issued by the Department of Revenue, Ministry of Finance on 30th March, 2020 which relates to certain amendments to the Indian Stamp Act. It pertains to p .....

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..... utting in place an efficient mechanism for collection of Stamp Duty on Security Market Instruments transactions through Stock Exchanges or Clearing Corporation authorized by Stock Exchanges Depositori .....

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..... es. This change was earlier notified to be implemented from 1st April, 2020. However, due to the prevailing situation, it has been decided that the date of implementation will now be postponed to 1st .....

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..... July 2020.
News - Press release - PIB .....

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