What is time period mentioned under income tax act to keep the records? kindly also mention the section.
3 Replies
VIKAS.A
(SOMETHING IS BETTER THAN NOTHING)
(1095 Points)
Replied 28 May 2013
VIKAS.A
(SOMETHING IS BETTER THAN NOTHING)
(1095 Points)
Replied 28 May 2013
(5) The books of account and other documents specified in sub-rule (2) and sub-rule (3) shall be kept and maintained for a period of 75[six] years from the end of the relevant assessment year: its rule no-6f(5)
S.Satya
(CA-FINAL STUDENT)
(68 Points)
Replied 28 May 2013
Bokks should be kept for atleast 6 years from the end of relevent assessment year.
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