financial year
This query is : Resolved
Preety Gupta
(Querist)
20 April 2011
dear members,
A private limited company was incorporated on 25.03.2011, please suggest as to what should be its first financial year.
Regards
Preety
A private limited company was incorporated on 25.03.2011, please suggest as to what should be its first financial year.
Regards
Preety
CA Navin Jain
(Expert)
20 April 2011
first financial year would be less then one year or upto 18 months.
but as per income tax act first FY will be from 25.03.2011 to 31.03.2011 and therefore u need to file ITR.
but as per income tax act first FY will be from 25.03.2011 to 31.03.2011 and therefore u need to file ITR.
udit sharma
(Expert)
20 April 2011
The First Financial Year of the Company may be from 25.03.2011 to 31.03.2012, subject to the approval of the Board of Directors of ur Company.
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