Greetings for the to all CCI members,
i have query an about maintainance of books of accounts. one company need to maintained books of accounts minimum 8 years as per companies act, but as per income tax act how many years need to maintain?
Thanks in advance.
Ya 6 years as per I.T Act
Ya 6 years as per I.T Act
Dear V. Suresh,
The books of account and documents, as per Income Tax Act, 1961, should be kept and maintained for a period of 6 years from the end of the relevant assessment year.
Regards,
Rupak Gaudel R.
The books of account and documents, as per Income Tax Act, 1961, should be kept and maintained for a period of 6 years from the end of the relevant assessment year.
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