financial year

This query is : Resolved 

08 December 2007 why does financial year begin on 1st April?
please specify with provisions, section.
and answer it with relevance

08 December 2007 This subject is dealt in Sec 3. Refer Para 2 of 30th edition of Singhania's Direct Taxes Ready Reckoner

Coming to "relevance", I have no answer except that the enactment was made by the Parliament of our Country



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