06-20-2010, 12:48 AM
Dears, I wants to know that if a Company (Guarantee Limited) wants to go for Special tax Year i.e. wants to close year at December 31 rather than June 30. as per
u/s 74 (3) A person may apply, in writing, to the Commissioner to allow him to use a twelve monthsâ period, other than normal tax year, as special tax year and the Commissioner may, subject to sub-section (5), by an order, allow him to use such special tax year.
whats the procedure for this change and what documents required to be submitted along with application.
Please reply fast
Thanks alot
u/s 74 (3) A person may apply, in writing, to the Commissioner to allow him to use a twelve monthsâ period, other than normal tax year, as special tax year and the Commissioner may, subject to sub-section (5), by an order, allow him to use such special tax year.
whats the procedure for this change and what documents required to be submitted along with application.
Please reply fast
Thanks alot