Multiple choice general knowledge

01-April is the last day of the Indian financial year for all accounting / tax purposes

  1. True

  2. False

Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

The statement is false. The Indian financial year ends on March 31st, not April 1st. April 1st is actually the first day of the new financial year in India. This is important for all accounting, tax planning, and financial reporting purposes.