Record keeping

This query is : Resolved 

30 May 2014 with regard to income tax and sales tax department, for how many years the books of accounts should be kept in case of partnership firm or proprietorship firm.

30 May 2014 As per INCOME TAX ACT Books of accounts and other documents are to be kept for at least 6 years from the end of relevant assessment year

31 May 2014 as income tax act 6 year of relevant assessment year. and under sales tax act, each state have different- 2 year recored required.


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