Preserving Records

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CA Tejas Andharia (Querist)
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13 October 2007 For how long the records should be preserved under the Central Excise Act, Customs Act and Service Tax Act ? (Like there are minimum 8 years as per the Companies Act.)Please also tell me that for how long a CA. should preserve its clients records and working papers ?

S.RAVICHANDRAN

S.RAVICHANDRAN (Expert)
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13 October 2007 As for my best of knowledge, accounting records should be kept for sixteen years ie.,Day book and ledgers and eight years for all accounting records ( Vouchers etc).

So. it is advisable for a CA to preserve his clients' records for sixteen years.

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