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First accounting period

Nitesh (vv) (32 Points)

11 June 2012  

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?

 2 Replies

ANURAG SINGH (CA-IPCC Student) (71 Points)
Replied 11 June 2012

1.7.09 to 31.3.10 1.4.10 to 31.3.11

Neha sharma (-) (1246 Points)
Replied 11 June 2012

For tax purposes it shd be from 1.7.09 to 31.3.10

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