The financial year of a company ends on 31st December.on 1st January it is amalgameted with another company & it lost its induvidual identity.under the income tax act F.Y. ends on 31st March. I want to wheathe it is possible to sign the tax audit report & balance sheet on 31st march or it will sign on 31st december
13 April 2009
Bhupender, Since 1988 - 89 financial year for Tax & Statutory purposes have been made as March, Immaterial of which year ending the Assessee observes for himself, Books of accounts & Statements of accounts for Tax purpose have to be made upto March. & your question is regarding Signing of Statements of Accounts, which have to be signed as On 31st March.
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