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No Extension of FY 19-20. Clarified by Ministry of Finance through twitter

195 views 2 replies

RAJA P M

"Do the Right Thing...!!!"

128116 Points Joined January 2015

As per press release on 30/03/2020 By Ministry of Finance...

No extension of the Financial Year:
There is a fake news circulating in some section of media that the financial year has been extended.

A notification issued by Govt of India on 30.03.2020 with respect to some other amendments done in Indian Stamp Act is being misquoted. There is no extension of the financial year...

Replies (2)

Eswar Reddy S

CFO- at NHTF

58280 Points Joined August 2012

Rightly said.

Only few deadlines got extended and not the FY..

Guest

Exactly, Financial Year has not been changed. Only due dates for Investments and claims have been extended to ITR Fillings and other purposes. Accounting Period remains the same.