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of <h1>Commission Must Submit Audited Financial Statements by June 30 Each Year for Parliamentary Review per Finance Ministry Guidelines.</h1> The Commission is required to prepare financial statements, including a balance sheet, income and expenditure account, and receipt and payment account, at the end of each fiscal year ending March 31. These statements must be compiled according to guidelines set by the Ministry of Finance and approved by the Commission or an authorized committee. Once approved, the accounts are signed by the Chairman and a Member, then submitted to the Comptroller and Auditor-General of India for audit within three months. The audited accounts and report are subsequently sent to the Central Government for presentation to Parliament.
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