Financial year

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Querist : Anonymous

Querist : Anonymous (Querist)

10 October 2018 What will be the FY end date for a newly incorporated Company , Date of Incorporation- 25/06/2017

CS Mitesh Mehta

CS Mitesh Mehta (Expert)
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10 October 2018 First FY 25-6-2017 to 31-03-2018

Querist : Anonymous

Querist : Anonymous (Querist)

10 October 2018 Sir, wont I get 15 months as a newly incorporated Co?

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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10 October 2018 No , because you will get 15 months where it has been incorporated on or after the 1st day of January of a year, the period ending on the 31st day of March of the following year will be the FY per section 2(41) of the Co's Act,2013.

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CA GUNJIT KAUR-FACULTY AT ICAI

CA GUNJIT KAUR-FACULTY AT ICAI (Expert)
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14 October 2018 IN CASE OF NEWLY INCORPORATED COMPANIES, THE FINANCIAL YEAR WILL BE FROM THE DATE OF INCORPORATION TILL 31ST MARCH OF THE YEAR
SO IN YOUR CASE FY WILL BE 25-06-2017 TO 31-03-2018