Hello Frns
Can you pls tell me that why we are using Financial Year from April to March as the other countries are using January to December as Financial Year.
>> Rajesh
Financial Year
(Guest)
3 Replies
CA CS VINAYAK PATIL
(CHARTERED ACCOUNTANT)
(921 Points)
Replied 02 March 2009
| Originally posted by :Rajesh | ||
| " | Hello Frns Can you pls tell me that why we are using Financial Year from April to March as the other countries are using January to December as Financial Year. >> Rajesh |
" |
because in India Budget is pass in Feb So Financial Year is started From 1st April to Next 31st March
(Guest)
| Originally posted by :.VIN @ Y @ K.. | ||
| " | Originally posted by :Rajesh " Hello Frns Can you pls tell me that why we are using Financial Year from April to March as the other countries are using January to December as Financial Year. >> Rajesh " because in India Budget is pass in Feb So Financial Year is started From 1st April to Next 31st March |
" |
Not at all !!
budget passed in Feb due to FY is begins from Apr, If Fy begins from Jan the budget may pass in Nov or Dec ??
Prabeer
(B. COM (H) CA & CS Final)
(5484 Points)
Replied 03 March 2009
It may be there in the Constitution of India.
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