As per income tax act
anand sharma (162 Points)
22 December 2019
how many years kept book of accounts and rules if any section or act please tell
1 Replies
Dhirajlal Rambhia
(SEO Sai Gr. Hosp.)
(176815 Points)
Replied 23 December 2019
Under IT act....For domestic transaction books can be opened upto 6 years from the relevant Assessment years, i.e for last 8 FYs; while for international transactions it goes upto 16 Assessment Years...
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