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accounting policy

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(Querist)
20 November 2008 we are indian incorporate company and almost all the investment in our company is made by forein entity(company) , here my question is can we need to close the books of accounts upto december 08 under the law , and also we have to close our books of accounts as at 31st march 2009. pls clarify my querry.
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vijayabhaskarareddy

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vijayabhaskarareddy (Querist)
20 November 2008 as a subsidiary company
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Ravikumar.G

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Ravikumar.G (Expert)
20 November 2008 As per Income tax act, 31.03.2009

As per Co's Act option ; either calendar year and financial year.
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