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Monday, 24 July 2017

PROPOSAL FOR COMMENCING THE FINANCIAL YEAR FROM JANUARY

Proposal for Commencing the Financial Year from January

GOVERNMENT OF INDIA
MINISTRY OF FINANCE

LOK SABHA

STARRED QUESTION NO: 96
ANSWERED ON: 21.07.2017

Change of Financial Year

* 96. SHRI PANKAJ CHAUDHARY:

Will the Minister of FINANCE be pleased to state:

(a) whether the Government proposes to synchronise the financial year with the calendar year by commencing it from the month of January;

(b) if so, the details thereof; and

(c) whether the Government also proposes to present the budget during November-December in this regard and if so, the details thereof?

ANSWER

(a)&(b) The matter of changing Financial Year is under consideration of the Government. It has been examined recently by a Committee constituted by the Government under the chairmanship of Dr. Shankar Acharya. The report of the Committee has been received.

(c) It does not arise at this stage

PDF/WORD   PDF/WORD(Hindi)

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