accounting books for hold

Kollipara Sundaraiah (B.com) (3004 Points)

07 July 2019

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

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RAJA P M ("Do the Right Thing...!!!") (128101 Points)
Replied 07 July 2019

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...

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Kollipara Sundaraiah (B.com) (3004 Points)
Replied 07 July 2019

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

Mallika (CA Final Student) (39 Points)
Replied 07 July 2019

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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