Books to be preserved-years

This query is : Resolved

RAMESH BABU (Querist)
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16 November 2009 Sir,

Pl. tell me, how many yers did a business concern will preserve the books of accounts as per the income tax act.

yours faithfully

G Ramesh babu

ANIL JANGID

ANIL JANGID (Expert)
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16 November 2009 Income-tax Act, 1961, Assessees are required to preserve the specified books of account for a period of 6 years from the end of the relevant assessment year.

Bhaskaran Chackrapani Warrier

Bhaskaran Chackrapani Warrier (Expert)
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16 November 2009 Six years from the end of the relevant assessment year. Pl see rule 6F (5) and its proviso. Also read the article in
http://www.thehindubusinessline.com/mentor/2003/06/23/stories/2003062300271100.htm

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