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books of account

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(Querist)
18 August 2009 i have been maintaing accounts on computer in tally.my pc hard disk has crashed nd i forgot to take backup of data.now i donot have any accounting data .i have filed return of income regularly till now .plz provide me is it necessary to maintain books of account for previous years.can accessing officer demand books of accounts.wat should i do
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Taranjit Singh

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Taranjit Singh (Expert)
18 August 2009 You have to consider these points....

How Prolonged Books To Be Possessed ?
These books have to be kept for six years.

Consequence for failure to maintain books of account
Penalty Can be imposed for Rs 25,000 u/s 271A by the A.O or CIT(A).
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Manmohan ACA, CS

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Manmohan ACA, CS (Expert)
19 August 2009 completely agree books of a/c needs to be maintain for 6 yrs
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Praveen Sharma

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Praveen Sharma (Expert)
19 August 2009 A.O. can demand books of previous 6 years. hence needs to maintain.
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Ankur Garg

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Ankur Garg (Expert)
19 August 2009 As per section 209(4A) of the companies act, 1956 books of accounts required to be maintained for 8 years.

Regards
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shriniwas21

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shriniwas21 (Expert)
19 August 2009 Again u have to prepare books of accounts
if Ao demand books of a/c's by asking him sufficient time to prepare the bokks of a/c's.
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CMA Arif Farooqui

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CMA Arif Farooqui (Expert)
20 August 2009 agree with ankur and shriiwas

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