Period upto which accounts are to be preserved

This query is : Resolved

Querist : Anonymous

Querist : Anonymous (Querist)

14 October 2013 I WANT TO KNOW UPTO WHAT PERIOD WE SHOULD PRESERVE OUR ACCOUNTS BOTH FOR INCOME TAX & SALES TAX PURPOSE.WHAT IS THE TIME LIMIT FOR PRESERVANCE OF ACCOUNTS OF PROPRIETOTSHIP FIRm, PARTNERSHIP FIRMS & PVT LYD COMPANIES FROM POINT OF VIEW OF INCOME TAX DEPARTMENT & SALES TAX DEPARTMENT.I WANT TO DESTOY ACCOUNTS OF LAST 20 YEARS . PLEASE HELP ME IMMEDIATELY

MJ Krishnamurthy

MJ Krishnamurthy (Expert)
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14 October 2013 It is generally eight years from the end of financial years in the case of sales/vat records in almost all the vat laws.....mjk

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