16 April 2020
Dear Experts, Earlier FY extension circular was issued by RBI. Kindly clarify whether FY 2019-20 has been extended till 30/06/2020 or it is as usual up to 31/03/2020! notification or circular thereof if any,
16 April 2020
The RBI has issued a notification on 20-03-20220 which is about Accounting of Central Government Transactions of March 2019 which are taking place upto 10-04-2020. We have to take usual financial year which is ending on 31/03/2020 however, dates for certain savings investments, tax payments etc have been allowed up to 30-06-2020.
16 April 2020
The government has announced that taxpayers have time until June 30, 2020 to complete their tax-saving exercise for FY2019-20. The earlier deadline was March 31, 2020. However, the government has clarified that this does not mean that the financial year has been extended.
19 April 2020
reserve bank of india regulate banking system not indian trade or revenue system of government of india. so i am not aware from this notification but i can tell you that our financial year will not change until interfering by finance ministry or CBDT
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