accounting books for hold

a person(trader) hold the old accounting books for how many last previous years in I.t, gst and other acts.

Replies (3)
Originally posted by : kollipara sundaraiah
a person(trader) hold the old accounting books for how many last previous years in I.t, gst and other acts.

 

Normally 6 years...

But., Still required for verification...

thanks sir reply, income tax and gst act same years applicable

Under IT Act- 6 yrs from the end of A.Y

Under Companies Act- 8 yrs from the end of F.Y

Under GST- 72 months from the last date of filing of Annual Return for that year

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