One of the most important amendments that new Companies act 2013 has brought in compare to Companies Act 1956 is to have a uniform financial year. Section 2(41) of companies act 2013 has very clearly defined the term financial year. This amendment to Companies act 2013 has brought in to align with the provisions of Income tax act. As per section 2(41) of Companies Act … [Read more...] about Now companies in india should have uniform financial year – Companies act 2013