REG. F.Y OF CO.
This query is : Resolved
Shobit Saxena
(Querist)
25 July 2009
Can a CO. has power to opt every time it's financial year OR it can opt financial year for only one time & preapre financial statements accourdingly for subsequent period.
CA.Tarun Maheshwari
(Expert)
25 July 2009
Neither everytime, nor One time. Now every assessee has to adopt the period from 1st April to 31st March as its financial year for the purpose of all Indian Laws.
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