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Preceding f.y. and immediately preceding f.y.

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Under Companies Act 2013, 'immediately preceding financial year' means the single year just before the current FY, while 'preceding financial years' can refer to multiple earlier years. For example, if FY is 2018-19, immediately preceding FY is 2017-18, while preceding FYs include all earlier years.

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10 May 2018 Please explain with the help of an example the difference between Preceding financial year & Immediately preceding f.y
With reference to Companies act 2013
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Bhaskaran Chackrapani Warrier

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Bhaskaran Chackrapani Warrier (Expert)
10 May 2018 + Current FY - 2018-19
+ Preceding F.Y - 2017-18, 2016-17,2015-16.........infinity.
+ Immediately preceding F.Y - 2017-18

Ps:- Hairline difference for a layman . But 'immediately' is put for more clarity in law,
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