From 2019 India’s financial year to shift from April to January

From 2019 India_s financial year to shift from April to JanuaryThe Narendra Modi Government has decided to scrap the colonial tradition of presenting budget in the month of February.

Come 2019, the budget will be applicable from the first day of the new year. It is expected that the budget for 2019 will be presented latest by November 2018.

This also means that budget of the financial year 2018-2019, which will be presented on February 1, will be applicable only for nine months, up to December.

The government will also start realigning all the economic data with the calendar year format….Read More

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