Beginning Of Fiscal Year 2024 India
Beginning Of Fiscal Year 2024 India. Rural consumer demand—essential for overall economic growth—has finally outpaced its urban counterpart in the march quarter. The cumulative fiscal deficit as of the end of june 2024 stands at ₹1.36 trillion, which is 8.1% of the full year fiscal deficit target for the year.
The assessment year is the year after the financial year in which the prior year’s revenue is assessed, tax is collected, and the itr is filed. Rural consumer demand—essential for overall economic growth—has finally outpaced its urban counterpart in the march quarter.