Financial year for new company
This query is : Resolved
10 September 2015
COMPANY INCORPORTED IN M/O 1 FEB 2015 . WETHER THE COMANY IS REQUREID TO MAKE FINAICALS FOR THE YEAR 2014-15 FOR TWO MONTHS OR IT CAN MAKE FIANCIAL IN THE YEAR 205-16 FOR 14 MONTH. PLEASE SUGGEST.
11 September 2015
NO
Financial year for the company incorporated on or after 1st January of a year means the period ending on 31st day of march of the following year.
In your case Company is incorporated on Feb 2015, financial year will end on 31/03/2016
Financial year for the company incorporated on or after 1st January of a year means the period ending on 31st day of march of the following year.
In your case Company is incorporated on Feb 2015, financial year will end on 31/03/2016
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Selecting Tax Regime while for calculating tax relief on under Section89 of income tax act 1961.
- Cloud service
- Relief Calculation u/s 89 of ITax 1961 in TableA Form10E
- Accounting Policies changes
- SECTION 194T
- B2B Amendment
- Running non ac bus under contract with roadways
- GST ITC on Liquidated damages
- Sale of Gold ornaments
- Applicability of RCM on Frieght Inward supplies received from un-registered person
- Forgot to update debit note in gst
- Restoration of certificate of practice
- Regarding change in correspondence address in SSP portal
- Regarding Advance Tax not claimed in the Return of Income for A.Y. 2025-26
- No Compliences after incorporation
- USEFUL LIFE OF USED/SECOND HAND COMMERCIAL VEHICLES
- Claiming TDS deducted by builder on Hardship compensation and Corpus
- Address Change to another state of a Registered Trust with 12AB approval
- Updated return in budget 2026
- Clarification Required on GST Rate & HSN Classification – Millet-Based Probiotic Drink
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
CAclubindia
