Books to be preserved-years
This query is : Resolved
16 November 2009
Sir,
Pl. tell me, how many yers did a business concern will preserve the books of accounts as per the income tax act.
yours faithfully
G Ramesh babu
Pl. tell me, how many yers did a business concern will preserve the books of accounts as per the income tax act.
yours faithfully
G Ramesh babu
16 November 2009
Income-tax Act, 1961, Assessees are required to preserve the specified books of account for a period of 6 years from the end of the relevant assessment year.
16 November 2009
Six years from the end of the relevant assessment year. Pl see rule 6F (5) and its proviso. Also read the article in
http://www.thehindubusinessline.com/mentor/2003/06/23/stories/2003062300271100.htm
http://www.thehindubusinessline.com/mentor/2003/06/23/stories/2003062300271100.htm
16 November 2009
6 Years
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