Question

Financial year in India is

• A. April 1 to March 31
• B. January 1 to December 31
• C. October 30 to September 1
• D. None of these

Hint:

Remember, India's financial year starts on April Fools' Day (April 1st) and ends on March 31st.

Answer 1

The Correct Option is A

The financial year (or fiscal year) in India runs from April 1st of one calendar year to March 31st of the next. This period is used by the government for accounting and budget purposes, and also by most businesses for their financial reporting. The period from January 1 to December 31 is the calendar year.