Central government financial year

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(Querist)
15 December 2013 Why government financial year is march to February
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Nikhil Kaushik

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Nikhil Kaushik (Expert)
15 December 2013 Dear Nirmala,

Is it so?? Chapter 3 of the GOVERNMENT ACCOUNTING RULES, 1990 states

"The annual accounts of the Central, State and Union Territory Governments shall record transactions which take place during a financial year running from 1st April to 31st March."
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CS,CA F,Numrologi TusharSampat

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CS,CA F,Numrologi TusharSampat (Expert)
16 December 2013 It is from April to March as per Government Accounting Rules ,1990
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