Financial year end should be changed to calendar year. Employees in several companies have to report to global HQ based on Dec year end. Then once again they work on India's march year end. For so many salaried employees this hampers their ability to focus on children as kids either have exams and parents cannot devote time, or they have holidays and parents cannot take leave, all because of books closing. We should aim for gross happiness index not just gdp.

ofcourse its better to have a full year as the financial year to make things simpler and avoid accounting complications for a coomon man.

lot of Indians like me are working in Foreign countries for more than 6 months in a FY to save Income Tax. By merging of Calendar year with FY, care should be taken by way of necessary regulations relaxing Income Tax computation for at least during the period of merging CY & FY so that we the people who earns Foreign exchange for the nation are not affected. Present calculation of being in India for less than 182Days in a FY may be suitably modified in case Govt decides to merge CY & FY.

Yes, its a good idea.I need a change in this decades practice.

There should be one in practice. Since most of the eveloped countries follow the calendar year it is desired that we should also adopt Calendar year. We are well equipped to overcome this transition, if implemented.

Changing Financial Year to depict Calendar year would be good move towards having relating to the International practices. I understand the issue around agriculture which is primary for Mar-Apr but I am sure we can find ways to tackle that. Also, if we can give freedom to Companies to decide their own fiscal year would also helps is reducing the burden of tax department and they can also relate to their parent org if they are MNCs.

I am strongly in favour of merging Financial year to Calendar year, it makes sense to have both same and also easy for the common man to interpret that an year is from Jan to Dec rather than from April to March.

I am not a Chartered accountant, but have not followed the relevance of the april to mar financial year. If it makes life easier every where why not follow a Calender year.

I believe that India should follow what the world at large is following so that the country is on the same page as others and accounting practices and timelines can be merged. It is very difficult to have a Calendar Year and a Financial Year running simultaneously. We SHOULD reconsider as it would not make much of a difference. #FinancialYear #EconomicAffairs #MyGov

Financial year should be changed to calender year.