Sai Jai
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New Delhi: India could shift to a January to December financial year from 2018, as the Centre appears set to make the historical transition to end the 150-year-old tradition of an April to March fiscal.
Accordingly the next Union Budget could be presented by the Narendra Modi-led National Democratic Alliance in November this year, according to people aware of the matter.
These people said the government is working on aligning the financial year with the calendar year after Prime Minister Narendra Modi pitched for a change.
Madhya Pradesh became the first state to announce shifting of its financial year format to January-December from 2018.
Financial year change likely from 2018, Budget may be moved to November
..
Accordingly the next Union Budget could be presented by the Narendra Modi-led National Democratic Alliance in November this year, according to people aware of the matter.
These people said the government is working on aligning the financial year with the calendar year after Prime Minister Narendra Modi pitched for a change.
Madhya Pradesh became the first state to announce shifting of its financial year format to January-December from 2018.
Financial year change likely from 2018, Budget may be moved to November
..
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