Correct Answer:
C. First day of July
The agricultural year, also known as the Fasli year, is a crucial period for revenue administration and crop cycle management under the Punjab Land Revenue Act. The Act specifically designates the First day of July as the commencement date for the agricultural year. This date aligns with the traditional crop seasons and revenue collection cycles in the region, facilitating the systematic assessment and collection of land revenue.
- First day of January marks the start of the calendar year.
- First day of May and First day of October are significant months in agricultural cycles but are not the official start of the agricultural year as defined by the Act.