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Period of accounting

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Querist : Anonymous

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Querist : Anonymous (Querist)
22 April 2013 Where exactly has it been mentioned that financial statements should be prepared for the period April to March??
Is it necessary or can we choose some other period?
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Rupesh

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Rupesh (Expert)
26 April 2013 Companies Act, Income Tax Act etc stipulate return should be filed for the period Apr-Mar
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CMA Ramesh Krishnan

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CMA Ramesh Krishnan (Expert)
25 July 2013 Companies act and Income tax act clearly defining the financial year is April- March . so need to prepare April to March only




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