Question

Financial year in India is from 1st March to 28th February. (State whether the statement is TRUE or FALSE)

Answer 1

FALSE
India's financial year is from 1st April to the 31st March of the next year

Answer 2

Answer:

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.