Thursday 7 July 2016

Need to change the financial year? Centre sets up panel to answer the question

NEW DELHI: The government has constituted a committee to study the feasibility of adopting a new financial year. India currently follows the AprilMarch financial year as opposed to the calendar year in most countries. The committee headed by former chief economic advisor Shankar Acharya has to submit its report by December 31, 2016."The committee will examine the merits and demerits of various dates for the commen cement of the financial year inclu ding the exis ting date (April to ..

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