Ministry of Finance has issued a press note today stating that there is no extension of the financial year.There is a fake new circulating in some section of media that the financial year has been extended. .A notification issued by the Government of India on March 30, 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted..Finance Act 2019 provisions amending the Indian Stamp Act to now come into force on July 1, 2020 .The Notification pertains to the provisions of Part I, Chapter IV of the Finance Act, 2019, which pertain to the amendments to the Indian Stamp Act, 1899, shall now come into force on July 1, 2020.The amendments were scheduled to come into force on April 1, 2020.
Ministry of Finance has issued a press note today stating that there is no extension of the financial year.There is a fake new circulating in some section of media that the financial year has been extended. .A notification issued by the Government of India on March 30, 2020 with respect to some other amendments done in the Indian Stamp Act is being misquoted..Finance Act 2019 provisions amending the Indian Stamp Act to now come into force on July 1, 2020 .The Notification pertains to the provisions of Part I, Chapter IV of the Finance Act, 2019, which pertain to the amendments to the Indian Stamp Act, 1899, shall now come into force on July 1, 2020.The amendments were scheduled to come into force on April 1, 2020.
