Is it possible to change the accounting period under Indian
GAAP from 1/Apr-31March to 1/January-31/December?
There is any restriction in doing that, i mean for example
for fisal purposes?
Thank you all!
Answers were Sorted based on User's Feedback
Answer / tapan
According to IT ACT you cannot change your Accounting Year but in case of ROC you can change the Accounting Period i,e 1st January to 31st December
Is This Answer Correct ? | 1 Yes | 0 No |
Answer / utpal bora
yes.i donot think there is any restriction in law.but is
very taff.
Is This Answer Correct ? | 2 Yes | 3 No |
Answer / sanjeev
yes its right accourding to the suitation of the company...
Is This Answer Correct ? | 0 Yes | 1 No |
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