following calendar year meaning. Understanding what each involves can help you determine which to use for accounting or tax purposes. The calendar year begins on the first of january and ends on 31st december every year, while the fiscal year can begin on any day of the year but will end on exactly the 365th day of that.

following calendar year meaning Calendar year means each successive period of twelve (12) calendar months commencing on january 1 and ending on december 31. In this article, we define a fiscal and. Provided that where a company or body corporate, which is a holding company or a subsidiary or associate company of a company incorporated outside india and is required to follow a.