sir is it necessary for a sole trader to maintain 12months accounting period after the opening period of accounting ends? or the individual can very well manage to operate 9months(let’s say) period of account for as long as it continues but just file tax as per CYB basis
It is quite possible that an unincorporated trader may choose at a later date to change their accounting date and there are special rules that deal with this – happily for you outside of our syllabus!