Become a Member Dark Mode Become a Member * Naukri Crisis * Uncovering Hate * Haryana Election * Manipur Conflict * Jammu and Kashmir Election * Climate Change * Members Only * WebQoof * My Report * More * Brand Studio * FIT * Gender * Opinion * Videos * Entertainment * Sports * World * Explainers * More * Podcasts * Politics * The Quint Lab * Graphic Novels * Law * Education * Members\' Opinion * South Asians * NEON Dark Mode Become a Member * Home * Naukri Crisis * Haryana Election * Uncovering Hate * About Us * T&C * Privacy Policy ## BECOME A MEMBER Created by potrace 1.16, written by Peter Selinger 2001-2019 FOLLOW US ON About UsContact UsPrivacy Policy ADVERTISEMENTREMOVE AD # Financial Year Changed to 1 July? Finance Ministry Says It’s Fake! ## Ministry of Finance released a press note which mentioned that the financial year has not been extended. The Quint Updated: 30 Mar 2020, 11:57 PM IST WebQoof 3 min read ![\\"story-hero- img\\"](\\" i Aa Aa Small Aa Medium Aa Large With India under a 21-day lockdown in light of the coronavirus outbreak, a barrage of unverified images and videos have been shared on social media, which are creating panic among people. CLAIM News agency PTI tweeted that the government has changed its financial year from 1 April to 1 July in view of the ongoing pandemic, citing an official notification. ![\\"Ministry](\\"\\") Several Twitter users shared the official notification making the same claim. As per the notification dated 30 March, “In exercise of the powers conferred by section 11 of the Finance Act, 2019 (7 of 2019), the Central Government hereby makes the following amendments in the notification of the Government of India, Ministry of Finance, published in the Gazette of India vide S.O. 115 (E), dated the 8th January, 2020 namely:—In the said notification, for the words and figures “the 1st day of April 2020, the words, figures and letters “the 1st day of July 2020” shall be substituted.” ![\\"Ministry](\\"\\") ![\\"Ministry](\\"\\") ![\\"Ministry](\\"\\") ADVERTISEMENTREMOVE AD WHAT’S THE TRUTH? Ministry of Finance released a press note which mentioned that the financial year has not been extended. It mentioned that the notification in question was issued in relation to amendments being made to the Indian Stamp Act. “This change was earlier notified to be implemented from 1 April 2020. However, due to the prevailing situation, it has been decided that the date of implementation will now be postponed to 1 July 2020.” ![\\"Ministry](\\"\\") The ministry also tweeted that the financial year has not been extended. > No extension of the Financial Year: There is a fake news circulating in some > section of media that the financial year has been extended.@nsitharamanoffc > @Anurag_Office @PIB_India @DDNewslive @airnewsalerts > > — Ministry of Finance ð®ð³ #StayHome #StaySafe (@FinMinIndia) March 30, > 2020 Also Read ### Fake Message Linked to MHA Claims Posting on COVID-19 is Illegal ![\\"alsoRead-img\\"](\\"\\") PTI later took down its tweet. Evidently, a notification on the Indian Stamps Act was misinterpreted as the financial year being changed in the view of the coronavirus pandemic. (Not convinced of a post or information you came across online and want it verified? Send us the details on WhatsApp at 9643651818, or e-mail it to us at webqoof@thequint.com and we\'ll fact-check it for you. You can also read all our fact-checked stories here.) (At The Quint, we question everything. Play an active role in shaping our journalism by **becoming a member** today.) ### Read Latest News and Breaking News at The Quint, browse for more from news and webqoof ### Topics: Finance Ministry Financial Year Webqoof Published: 30 Mar 2020, 11:09 PM IST Read Full Article Speaking truth to power requires allies like you. Become a Member Check Member Benefits Read More Loading Comments... ADVERTISEMENTREMOVE AD Stay Updated ADVERTISEMENTREMOVE AD × × SECTIONS * FIT * Gender * Opinion * Videos * Entertainment * Sports * World * Explainers * Podcasts * Politics * The Quint Lab * Graphic Novels * Law * Education * Members\' Opinion * South Asians * NEON TRENDING TOPICS * Anti-Cheating Law * Rasika Dugal Interview * Arundhati Roy * Euro 2024 * T20 World Cup * Kohli, Rohit & Jadeja Retire * Climate Change News * Electoral Bonds News * Rahul Gandhi * ‘Kill’ Review * PM Modi * Robert F Kennedy Jr * Rahul Dravid FOLLOW US ON Quint Hindi FIT About Us Contact Us Privacy Policy T&C
Financial year changed to 1 July from 1 April