LLp closure of book of accounts
This query is : Resolved
SABARATHINAM
(Querist)
08 July 2011
a llp newly incorporated as oct 2009 still the time books of accounts not closed. i would like know which year ending i have close the books of accounts as per llp law
08 July 2011
If you are in India then you can close your accounts on any day or dates but for income tax and other departmental purposes you have to prepare you Balance Sheet up to 31st March every year.
CA Sumat Singhal
(Expert)
15 July 2011
Period of First financial year of company can not be more than 18 months as per companies act.
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