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Government studying report on changing financial year: Jaitley

Government studying report on changing financial year: Jaitley

Friday, April 7, 2017, 9:59 PM

Union Finance Minister Arun Jaitley said on Friday that the government is studying a report on changing the financial year. "Everywhere in the world, financial year is determined based on the local requirement of the country. We follow the old British system that has financial year from April to March," Jaitley said. He said government had formed a committee and was studying its recommendations.
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