The financial year is an accounting year used for calculating annual income. In the Indian Accounting system, the financial year can be from 1st April to 31st March or from 1st October to 30th September. So the financial year 2021-22 starts from 1st April 2021 and ends on 31st March 2022. On a general note, January is considered the first month of the accounting year for various business purposes.
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