Maintenance of basic documents by an assessee - reg

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

25 December 2013 one of my assessees running an educational institution is unable to preserve the application forms received from the students at the time of admission. The question for consideration is

i) is it compulsory for an educational institution to maintain even student application forms

ii) if so, what will happen if the incometax department order a scrutiny

iii) how to face scrutiny in such cases

substantiate your views with the help of caselaws, if possible

please reply at the earliest

regards

CA SURENDRA KUMAR RAKHECHA

CA SURENDRA KUMAR RAKHECHA (Expert)
Follow

25 December 2013 1. Student's application form is a prime document but for income tax point of view; it is not so.
.
.
2. With the attendance register and fee collected accordingly; one can prove the number of students studying in the school.
.
.
3. So you need not worry. However; keep ready the list of students so that the moment it is asked; the same can be submitted.
.
.
This is enough. Don't worry at all.
.

You need to be the querist or approved CAclub expert to take part in this query .
Click here to login now

Join the CA Students WhatsApp Community for ICAI Updates, Trending Courses & Notes!

Similar Resolved Queries

Unanswered Queries

Popular
Recent

Trending Online Classes

Direct Tax Laws & International Taxation May 26,Sept 26 & Jan 27

CA Arvind Tuli

Enroll Now
Audit Fast Track Recorded Batch For May 26,Sept 26 & Jan 27

CA Aarti Lahoti

Enroll Now
DT & Audit (Exam Oriented Fastrack Batch) - For May 26 Exams and onwards Full English

CA Bhanwar Borana & CA Shubham Keswani

Enroll Now

view all classess

Meet our CAclubindia PRO Members

RAJ SANKLECHA

Pushkar Nagda

sachingurav

R.Prashanth

SUBASH CHANDRA BOSE

Subscribe Now

Maintenance of basic documents by an assessee - reg

Similar Resolved Queries

Trending Online Classes

Meet our CAclubindia PRO Members

Quick Links

Browse by Category

Latest Job Openings

Senior Executive

Manager- Finance and Compliance

GST CONSULTANT

GST CONSULTANCY

Accountant

CA Final

Article Assistant

Associate CA