Accounting

This query is : Resolved

dilip phatak (Querist)
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24 March 2017 Respected Sir,

Our private limited company was registered by ROC on 29.12.2016.Thereafter we have applied for PAN to NSDL
online.Still today i.e. 24.03.2016 we have not received PAN by NSDL.As such there are no business activities till
31.03.2017.Whether we can extend our accounting period till 31.03.2018.
Plese suggest us.

Thanks

Dilip Phatak

KAVIRAJA ADDANGADI

KAVIRAJA ADDANGADI (Expert)
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25 March 2017 Yes, you can prepare first financial more than 12 Months, so you can prepare balance sheet by 31.03.2018,

Please check why PAN not allotted from NSDL service centre.