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Fiscal year definition

TDS 990 views 3 replies

Dear All Experts,

Can you please tell me 1st April 2013 to 3st March 2014 is termed as Fiscal Year 2013 or 2014 ? 

I am bit confused in terminology of fiscal year. 

 

Kindly explain the term. 

 

 

Regards,

Pankaj Bhalerao. 

 

 

Replies (3)

Fiscal year in accounting term is same as Financial year, a 12 months period for which a company prepare its budget..

Originally posted by : IndianTaxUpdates.com

Fiscal year in accounting term is same as Financial year, a 12 months period for which a company prepare its budget..

Can you please tell me it Fiscal Year 2013 or 2014 ? 

 

Originally posted by : Pankaj




Originally posted by : IndianTaxUpdates.com






Fiscal year in accounting term is same as Financial year, a 12 months period for which a company prepare its budget..






Can you please tell me it Fiscal Year 2013 or 2014 ? 

 

 

In India, the government's financial year runs from 1 April to 31 March (Example 1 April 2013 to 31 March 2014 for the current financial year (2013–14).[
 
Companies following the Indian Depositary Receipts (IDR) are give freedom to chose their financial year. For example, Standard Chartered's IDR follows the UK calendar despite being listed in India

 


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