Preserve income tax records by employer


This query is : Resolved 

Quick Summary
Employers, including MNCs and third-party vendors, are legally obliged to preserve employee income tax records for a period of 6 years following the end of the relevant assessment year. This equates to a total of 8 previous years. This rule applies to all individuals and entities subject to income tax regulations.

15 June 2022 What is duration period for employer(an MNC or third party vendor) to preserve income tax records of employee as per income tax act ?

16 June 2022 Assessees are required to preserve the specified books of account for a period of 6 years from the end of the relevant assessment year, i.e., for a total period of 8 previous years.

16 June 2022 Here assesses are individuals or employers ? Please also refer legal provision

16 June 2022 This rule applicable to all assesses.


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



Similar Resolved Queries


loading


Unanswered Queries



CCI Pro



Answer Query



Company
ARTICLESHIP 25 August 2026
CA Article's

Saini Pati Shah & Co LLP

Mumbai

CA Inter

View Details
Company
11 August 2026
Manager / Senior Manager - Statutory Audit

CommerceCareer

New Delhi

CA

View Details
Company
29 August 2026
Chartered Accountant

Velionit Consulting PVT LTd

Mumbai

CA

View Details
Company
12 August 2026
Deputy Manager - Finance

RoamPrime Technologies Private Limited

Bengaluru

CA

View Details
Company
28 August 2026
Audit Manager

K A R M & CO

Mumbai

CMA

View Details
Company
21 August 2026
Accountant

A G International

Kolkata

B.Com

View Details
Company
14 August 2026
Semi Qualified

Goyanka & Associates

New Delhi

CA Inter

View Details
Company
ARTICLESHIP 26 August 2026
Article Assistant

ANIVESH CONSULTANTS LLP

Gurgaon

CA Inter

View Details