Question : In India, the financial year runs from_______ to________.
Option 1: April 1 or March 31
Option 2: February 1 , January 31
Option 3: July 1 , June 31
Option 4: January 1, December 31
Correct Answer: April 1 or March 31
Solution : The correct option is April 1 or March 31.
In India, the financial year runs from April 1st to March 31st of the following year. This fiscal year cycle is used for accounting, budgeting, and financial reporting purposes by the government, businesses, and individuals in the country.
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