books of account
This query is : Resolved
ca vishal aggarwal
(Querist)
18 August 2009
i have been maintaing accounts on computer in tally.my pc hard disk has crashed nd i forgot to take backup of data.now i donot have any accounting data .i have filed return of income regularly till now .plz provide me is it necessary to maintain books of account for previous years.can accessing officer demand books of accounts.wat should i do
Taranjit Singh
(Expert)
18 August 2009
You have to consider these points....
How Prolonged Books To Be Possessed ?
These books have to be kept for six years.
Consequence for failure to maintain books of account
Penalty Can be imposed for Rs 25,000 u/s 271A by the A.O or CIT(A).
How Prolonged Books To Be Possessed ?
These books have to be kept for six years.
Consequence for failure to maintain books of account
Penalty Can be imposed for Rs 25,000 u/s 271A by the A.O or CIT(A).
Manmohan ACA, CS
(Expert)
19 August 2009
completely agree books of a/c needs to be maintain for 6 yrs
Praveen Sharma
(Expert)
19 August 2009
A.O. can demand books of previous 6 years. hence needs to maintain.
Ankur Garg
(Expert)
19 August 2009
As per section 209(4A) of the companies act, 1956 books of accounts required to be maintained for 8 years.
Regards
Regards
shriniwas21
(Expert)
19 August 2009
Again u have to prepare books of accounts
if Ao demand books of a/c's by asking him sufficient time to prepare the bokks of a/c's.
if Ao demand books of a/c's by asking him sufficient time to prepare the bokks of a/c's.
CMA Arif Farooqui
(Expert)
20 August 2009
agree with ankur and shriiwas
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
- Opting out" of regime provided under subsection (1A) of Section 115BAC but Form 10IEA is not filed.
- "Please ensure that the Total of the Deductions u/s 54F match the same in Table D in Sch CG"
- Need to correct "Whether it is last installment " response in Form 26 QB
- " Income from House Property " in joint names of co-owners
- REGARDING TDS RETURN OF FORM 27Q
- Notice under e-Verification Scheme
- GST demand notice for ITC reversal against exempted supply.
- RCM ON SECURITY CHARGES FROM INDIVIDUALS
- How to get money back from delisted company
- ITC not to be taken in accounts & GSTR-3B
Trending Online Classes
-
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English
CA Bhanwar Borana & CA Shubham Keswani
Subscribe to Pro
Join an elite circle of professionals
CAclubindia
