The Ministry of Finance issued a
clarification that the Financial Year has not been extended. The clarification
was issued to clear the confusion about the extension of the Financial Year
caused after a notification was released by the Government of India about the
amendments in the Indian Stamp Act. After the notification was released many
people misquoted it and a fake news was circulated on social media regarding the
extension of the Financial Year. However, the government later made it clear
that the notification is being misquoted and it does not talk about the
extension of the Financial Year but pertains to amendment in the Indian Stamp
Act.
