Maintaining books of accounts!!!
This query is : Resolved
28 April 2012
Is there any provision regarding the number of years upto which a sole proprietorship and Patnership firm is required to maintain books of accounts?
28 April 2012
Under income tax act, books of account are to be kept atleast 6 years from the end of relevent assessment year.
28 April 2012
6 Yrs as per IT ACt , If any years Procedings are pending , then books for that year till the time case is disposed off.
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