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Changing fincial year will be disruptive, costly: Assocham

Sentinel Digital DeskBy : Sentinel Digital Desk

  |  11 July 2016 12:00 AM GMT

New Delhi, July 10: The government's move to change the fincial year from April-March to a different sequence of months will cause a "huge avoidable disruption" at a big cost to business, Assocham said on Sunday. "Any move to change India's fincial year from April-March to any other permutation and combition would serve no purpose but cause a huge avoidable disruption at a big cost for the country's trade and industry," said a statement issued here by the Associated Chambers of Commerce and Industry of India. The government earlier this week set up a four-member committee to examine the desirability and feasibility of having a new fincial or fiscal year.

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