Under the Payment of Bonus Act, 1965 'accounting year' in relation to a corporation means —

(A) The year commencing on the 1st day of April

(B) The period in respect of which any profit and loss account of the company is laid before the annual general meeting, whether that period is a year or not

(C) The year ending on the day on which the books of account of the corporation are to be closed and balanced

(D) The year commencing on the 1st day of January.