Books of accounts
This query is : Resolved
Querist : Anonymous
Querist :
Anonymous
(Querist)
01 October 2014
Dear sir,
In regard to sec 44aa,rule 6f,147,148,149
Rule 6f says that books of accs to be maintained for 6yrs from end of relevant a.y . s149 says that upto 16yrs notice can be issued by a.o for reassessment in relation to income from asset outside india.these points clash .pls explain
In regard to sec 44aa,rule 6f,147,148,149
Rule 6f says that books of accs to be maintained for 6yrs from end of relevant a.y . s149 says that upto 16yrs notice can be issued by a.o for reassessment in relation to income from asset outside india.these points clash .pls explain
01 October 2014
then sec 149 is specific and if assets are located outside india then sec 149 prevails and also rules cant overide main provisions
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