Government Planning On Changing The Financial Year To January- December, The Matter To Be Discussed By The Committee Soon.
The Modi government is now planning to change the financial year in the country. Nirmal Singh 3C Company says that like an age old tradition, India has been following the system of financial year April to March for about 150 years. Changing the financial year will not only curb the archaic system but also create a lot of disturbances in the economy as of now. With two major changes brought by the government in less than a year it might be very quick for them to implement another major change in the economy. Nirmal Singh 3C Company says that the citizens of the country faced a hard time after the demonetization. As soon as they got over that they had to mold themselves with the new tax system GST. And they are still struggling to accept both the new changes. The Narendra Modi government is planning on shifting then financial year form April- March to January-December, this means that the budget would have to be presented in October- November which doesn’t seem practica...