alleryStart learning →An LLP is incorporated on 15 November 2023. Its first financial year may be extended up to which date?
A31 March 2024
B31 March 2025
C30 June 2024
D31 December 2024
Answer & Solution
Correct answer: B. 31 March 2025
For an LLP incorporated after 30 September, the first financial year may end on 31 March of the next following year, here 31 March 2025.
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