m*****y
发帖数: 3981 | | M***n
发帖数: 5815 | 2 谢谢。长知识了。
Inheritance from British Rule:
India was ruled by British for around 150 years, who followed the accounting
period of April to March after the adoption of Gregorian calendar system of
accounting.
The East India Company which first came to rule India is observed to have
well done their groundwork before entering the host country, India.
April 1 ,coincided with the Hindi festival of Vaisakha that is the Hindi new
year, hence the company tactfully decided to match it`s financial year with
the Hindi calendar to ease out financial transactions
People generally mutter common Hindi parlance, “Angrez Gaye, Angrezi chod
gaye”.
Like their very dear spoken language, the country left back its accounting
reporting language as well.
2. Revenue cycle in Agriculture:
Again the observance and the effort of the British Government in tandem with
religious cultures can be seen through this point. Since most of their
taxes were from the crops, the ruling government prepared its annual budget
keeping these crop patterns in mind.
3. Festivals:
In many countries, it has been observed that it retailers who use the non-
calendar year as their fiscal year.
Also, end of the year is the period of high activity for retailers in many
countries considering the festive season, levels of inventory, recievables
and payables will be higher than at other month ends and consequently more
complex and time-consuming to measure accurately.
For instance in India itself, festivals like Navratri and Diwali fall in the
month of October and November, followed by Christmas in December. These
account for heavy sales for the retailers and value buying’s for the
shoppers making accounting complex and time consuming.
To avoid the collision of both so as each of the activity gets efficient
time and attention, December is not preferred as the month of closure of the
financial year.
Filing returns is one of the areas where the fiscal and calendar year differ
to concur; other areas include finalization of accounts. The government
also presents its budget for April to March.
India is not the only country who follows this trend. Countries like Canada,
United Kingdom (UK), New Zealand, Hong Kong and Japan also follow a similar
trend.
While the exact reason remains unknown like the mystery of evolution of
mankind, there is no denying the fact that most countries` financial year
differ from the calendar year. | M***n
发帖数: 5815 | 3 简短一些的回答：
This pattern came into being in the British period in India where the
British government formulated its annual budget on the basis of anticipated
revenue receipts which would determine the planned expenditure and levy of
new taxes and duties during the year. India, being an agricultural country,
the main annual income depended on the unpredictable outcome of the main
crops which start getting ripe in February/ March. This anticipated crop-
year income thus became the forecast for the likely yearly revenue receipts
to the government. | m*****y
发帖数: 3981 | 4 thanks a lot for your info.
yeah, i've learnt a lot from CNBC | M***n
发帖数: 5815 | 5 不客气。我好像也是在哪里读到说要关心 CNBC的新闻，都消息，但是别随便接受他们
的分析的结论。
【在 m*****y 的大作中提到】
: thanks a lot for your info.
: yeah, i've learnt a lot from CNBC
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