Books of Accounts
This query is : Resolved
GAGAN BIHARI PRADHAN
(Querist)
09 August 2008
For how many years a company should preserve it's books of accounts as per the IT Act,1961?
09 August 2008
The books are to be preserved for a period of 6 years from the end of the Assessment Year. Refer Rule 6F sub-rule 5.
11 August 2008
Under section 209(4A) of the Companies Act books are to be kept for 8 years.
11 August 2008
As such, the books are to be maintained for 8 years for the purpose of compliance under I.Tax Act and Co.Act.
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