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Financial year 2019 - 20

Dilip kumar (4 Points)

29 March 2020

Sir / Madam

Sir I want to know there is any extension in financial period or it is same as April to march.

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5 Replies

Pankaj Rawat (GST Practitioner) (55032 Points)
Replied 29 March 2020

I Don't think FY will be extended , only date will Extended to 30/6/2020 for some compliances.

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 29 March 2020

No more extension... it's same as Apr-Mar...
Some of the Due dates are extended with press release...

CA ARPIT BANGA (job ) (376 Points)
Replied 30 March 2020

No
The beginning of the fiscal year (2020-21) would begin normally on April 1

Vishal Goel (Chartered Accountant) (1688 Points)
Replied 31 March 2020

The financial year closure is not extended. Only the date of compliance which was required by 31st March 2020 either by the taxpayers or by the tax authorities has been deferred till 30th June 2020.

RAJA P M ("Do the Right Thing...!!!") (127142 Points)
Replied 31 March 2020

No Dear...

No more extension for the FY 19-20. It's also same as every period from April to March. The FY 19-20 is 01/04/2019 to 31/03/2020.

The news is fake. There is a clarification press release from Ministry of Finance