What can be the accounting period for the first year of a company.
If a company is incorporated on 01.07.2009, can i take the first year to be 01.07.2009 to 31.07.2010 and then the second year to be 01.08.2010 to 31.03.2011?
Nitesh (vv) (32 Points)
11 June 2012What can be the accounting period for the first year of a company.
If a company is incorporated on 01.07.2009, can i take the first year to be 01.07.2009 to 31.07.2010 and then the second year to be 01.08.2010 to 31.03.2011?
Neha sharma
(-)
(1257 Points)
Replied 11 June 2012
For tax purposes it shd be from 1.7.09 to 31.3.10