Books of accounts
Rohini L (Practising Chartered Accountant) (34 Points)
14 November 2014
how many years should we maintain books of accounts. as per companies act 2013
3 Replies
Deepak Gupta
(CA Student)
(15922 Points)
Replied 14 November 2014
| Originally posted by : Rohini L | ||
 |
how many years should we maintain books of accounts. as per companies act 2013 |  |
# Books of Accounts along with vouchers shall be kept by every Company for 8 preceding Financial Years.
.
# The Company in existence less than 8 years, shall maintain books in respect of all such preceding years.
.
# If the Central Government has ordered an investigation on the Company, it should maintain the books for such longer period as directed in this regard.
.
- Section 128(5) of the Companies Act, 2013.
CA ANKUSH AGGARWAL
(CHARTERED ACCOUNTANT)
(2782 Points)
Replied 14 November 2014
for 8 years preceeding the current finacial year.However CG may require you to maintain it for longer period
Sathish M
(Management Accountant)
(40581 Points)
Replied 14 November 2014
Thanks for the update sir.
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