Preceding f.y. and immediately preceding f.y.
This query is : Resolved
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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
With reference to Companies act 2013
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,
+ 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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