Records needs to be preserved for how many years?
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 December 2012
Can Assessing Officer ask for the documents and source of income for expenses incurred before more than 8 years from the AY of which assessment is pending?
27 December 2012
Although in the act it is prescribed that any year's detail since 1961 can be asked by the authorities. But practically they do not open a case older than 6 years because they themself dont mantain the records older than 6 years.
Querist : Anonymous
Querist :
Anonymous
(Querist)
27 December 2012
In my case AO asking for the source of income from which i paid expenses and documentary evidences of payment more than 10 years back. Otherwise he is going to disallow tje expenses.
Can he do so?
Can he do so?
You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now
Click here to login now
Similar Resolved Queries
Unanswered Queries
- Is this income indian or foreign income?
- ITC temporary reversal and reclaim
- GST on export of services and Input Credit
- RCM applicability on Rent Paid by Registered Person to Unregistered Landlord for Residental Building
- Inventory of finished goods
- Applicable TDS rate for sale of property in Nov 2024
- Tds on building rent monthly
- GST ON EXPORT COMMISSION
- Should I report my US salary for January, February, March in Schedule FA?
- RCM INVOICING FROM NOV-2024
- Sale of property furniture sale
- Confusion around Form 26QB fields
- Adjustment entry in the case of Individual and HUF on 31st March
- Stock difference tax applicable on composite rate or normal rate
- LAST YEAR 2022-23 ITC IN NEXT YEAR 2023-24 REPORITNG IN GSTR-9
- MIS MATCH OF INVOICE NUMBER
- IGST Credit-Show cause notice issued-confusion
- Issue of gst e invoice
- How to adjusted advances given or receipt
- Foreign vendor without PAN unable to to register due to non receipt of OTP on foreign number ?
Trending Online Classes
CAclubindia
