There is no specific procedure for change in the accounting year as.
As for Companies Act is concerned, there are certain restrictions.
1. As per Section 210 An accounting year period cannot exceed fifteen months.
2. If at all special permission is accorded, the maximum allowable time gap between two AGMs cannot exceed eighteen months.
3. AGM of a company has to be conducted in every calendar year.
So, you have to keep in view all these matters.
You pass a resolution in the Board and intimate to the respective ROC regarding the change well in advance.
RESOLVED THAT in accordance with the provisions of section 210 and other applicable provisions of the companies Act, 1956 and subject to such other approvals and sanctions as may be required, next financial years i.e. 2007-08, of the company shall be from ______ to ______ and thereafter same shall be followed."
ROC in turn will give his approval for the change.
Further as per Income tax uniform accounting year has to be followed i.e 1st April to 31st March.
you have to merge two account year
1 for 9 months and other for 3 months.
So while fining return for the asst. year __________, you shall intimate the same along with the return of income