Dear All Experts,
Can you please tell me 1st April 2013 to 3st March 2014 is termed as Fiscal Year 2013 or 2014 ?
I am bit confused in terminology of fiscal year.
Kindly explain the term.
Regards,
Pankaj Bhalerao.
3 Replies
Pankaj
(SAP FICO Consultant)
(82 Points)
Replied 09 April 2013
| Originally posted by : IndianTaxUpdates.com | ||
 |
Fiscal year in accounting term is same as Financial year, a 12 months period for which a company prepare its budget.. |
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Can you please tell me it Fiscal Year 2013 or 2014 ?
(Guest)
| Originally posted by : Pankaj | ||
|
|
Originally posted by : IndianTaxUpdates.com Fiscal year in accounting term is same as Financial year, a 12 months period for which a company prepare its budget.. Can you please tell me it Fiscal Year 2013 or 2014 ? |
|
In India, the government's financial year runs from 1 April to 31 March (Example 1 April 2013 to 31 March 2014 for the current financial year (2013–14).[
Companies following the Indian Depositary Receipts (IDR) are give freedom to chose their financial year. For example, Standard Chartered's IDR follows the UK calendar despite being listed in India
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