books of account
This query is : Resolved
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
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).
19 August 2009
completely agree books of a/c needs to be maintain for 6 yrs
19 August 2009
A.O. can demand books of previous 6 years. hence needs to maintain.
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
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.
20 August 2009
agree with ankur and shriiwas
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