Newly formed company
This query is : Resolved
23 August 2012
If newly formed company opt for making financial accounts for more than 12 months ( which is allowed as per co's act up to 18 months)- how income tax return is required to file for such financial statements as it contains data for 2 financial year . pl advice
23 August 2012
in income tax returns are filed based on assesment years therefore irrespective of what option u choose to prepare books of accounts in companies act the return has to be filed for every assessment year.
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