Government : No extension of the Financial Year 2019-20
The government on Monday said it has not extended the current financial year 2019-20 and it will end as scheduled on March 31. The finance ministry issued the clarification following a fake new circulating in some media reports that the Financial Year has been extended.
“There is no extension of the financial year,” the finance ministry said.
The finance ministry said, a notification issued by the Government of India on 30th March 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted. There is no extension of the Financial Year.
This change was earlier notified to be implemented from 1st April, 2020. However, due to the prevailing situation, it has been decided that the date of implementation will now be postponed to 1st July 2020.