Its not financial year extension,Its stamp duty act modified.e-stamp compulsory from 1.7.2020 instead of 1.4.2020The government has not changed the beginning of its financial year from April 1 to July 1 -- as is being claimed by some social media posts -- the Centre clarified today.The beginning of the fiscal year (2020-21) would begin normally on April 1.The government's clarification after a Gazette notification, which pertained to a change in dates for collection of stamp duties, was doing the rounds in some circles."This notification pertains to some changes in Indian Stamp Act where stamp duty on security market instruments shall be collected through stock exchanges and depositories. This was to get implemented from 1.4.2020 but is now pushed to 1.7.2020 due to current situation," said a government official.The buzz around the extension of the current financial year also comes amid requests from certain quarters of the industry, which have requested the government to start FY2021 from July 1 instead of April 1.

Hello friends Zonebusinnesupdate, on this occasion the admin wants to share an article entitled Fact Check || No, India Has Not Extended It's Financial Year Beginning To July 1, we have made good, quality and useful articles for you to read and take information in. hopefully the post content is about Finmin Orders, Gazette, which we write you can understand. Alright, happy reading.

Its not financial year extension,

Its stamp duty act modified.

e-stamp compulsory from 1.7.2020 instead of 1.4.2020

The government has not changed the beginning of its financial year from April 1 to July 1 -- as is being claimed by some social media posts -- the Centre clarified today.
The beginning of the fiscal year (2020-21) would begin normally on April 1.
The government's clarification after a Gazette notification, which pertained to a change in dates for collection of stamp duties, was doing the rounds in some circles.
"This notification pertains to some changes in Indian Stamp Act where stamp duty on security market instruments shall be collected through stock exchanges and depositories. This was to get implemented from 1.4.2020 but is now pushed to 1.7.2020 due to current situation," said a government official.
The buzz around the extension of the current financial year also comes amid requests from certain quarters of the industry, which have requested the government to start FY2021 from July 1 instead of April 1.

That's the article: Fact Check || No, India Has Not Extended It's Financial Year Beginning To July 1

Thank you for visiting my blog, hopefully it can be useful for all of you. Don't forget to share this article with your friends so they also know the interesting info, see you in other article posts.

You are now reading the article Fact Check || No, India Has Not Extended It's Financial Year Beginning To July 1 with link address https://zonebusinnesupdate.blogspot.com/2020/03/fact-check-no-india-has-not-extended-it.html