maintenance of accounts

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kamini (Querist)
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04 January 2008 a co.filed a return for the FY-2005-06 and after that it got wind up.But in the next FY it received some income in the form of commision and party deducted TDS on it as well,but co. didn't file any return for the further Financial years.Now co. wants refund of TDS amount,so is there any requirement for the availability of accounts to be shown in income tax office for the financial years in which it received the commision.

answer as soon as possible..........thank u.

CA. Vineet Grover

CA. Vineet Grover (Expert)
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04 January 2008 hi kamini,

For claiming IT refund, the income tax return is mandatorily required to be filed. Further, IT computaiton shall be sufficient to satisfy the AO is at his disposal. It is recommended to manintain books of account for that year in which refund is applicable to satisfy the requirement if required.

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Vineet