Financial year in India is from 1st March to 28th February. (State whether the statement is TRUE or FALSE)
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FALSE
India's financial year is from 1st April to the 31st March of the next year
India's financial year is from 1st April to the 31st March of the next year
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In this question,
Financial year in India is from 1st April to 31st March. Hence, the given statement is false.
Financial year is a year in which you earn income. The turnover of a company is calculated in a financial year. Financial year in India begins from 1st April of the particular year and finish on 31st March of the next year.
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