Fill in the following details to e-mail
To
Cc
Subject
<!DOCTYPE html PUBLIC "-//W3C//DTD XHTML 1.0 Transitional//EN" "http://www.w3.org/TR/xhtml1/DTD/xhtml1-transitional.dtd"> <html xmlns="http://www.w3.org/1999/xhtml"> <head> </head> <body> <div style="font-family:Verdana, Geneva, sans-serif; font-size:12px; text-align:justify"> <table width="800" border="0" style="border:1px solid #ccc;padding:5px;" align="center" cellpadding="6" cellspacing="0"> <tr> <td align="left" valign="top"> <br /> Ministry of Finance <br /><br /> Synchronising financial accounting year with calendar year<br /><br /> MANU/PIBU/0554/2016 - (19 Jul 2016)<br /><br /> </td> </tr> <tr> <td align="left" valign="top"></td> </tr> <tr> <td align="left" valign="top" style="background-color:#FDEDCE"><strong>Union Minister of Finance, Aurn Jaitley, stated that a Committee to examine the desirability and feasibility of changing the financial year has been constituted. <BR><BR> The Committee will look into the benefits and drawbacks of various dates for commencement of the financial year, taking into account impact on business, taxation systems and procedures, relationship between financial year and the working season and more. <BR><BR> The Committee has until 31 December 2016 to submit its report. <BR><BR> The Minister also reported approval from the Union Cabinet for the merger of several nationalised banks with subsidiary banks, including Bank of Mysore, State Bank of Travancore.</strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Relevant : Merger of Nationalised banks <manuid>MANU/PIBU/0557/2016</manuid></strong></td> </tr> <tr> <td align="left" valign="top" ><strong>Tags : financial year, calendar year, nationalised banks, merger</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <!--<td><strong>Source : <a target="_new" href="http://www.manupatrafast.com/">newsroom.manupatra.com</a></strong></td>--> <td align="left" valign="top"><strong>Source : newsroom.manupatra.com</strong></td> </tr> <tr> <td align="left" valign="top"> </td> </tr> <tr> <td align="left" valign="top">Regards</td> </tr> <tr> <td align="left" valign="top">Team Manupatra</td> </tr> <tr> <td align="left" valign="top"> </td> </tr> </table> </div> </body> </html>