How long should i keep incometax proofs?

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41 Points Posted on 30 May 2018

Hi,

We all keep the income tax proofs just in case there is any query or audit from department. How long should we keep these proofs? 

Also, what is the maximum time period within which the department should process a return? For example can the department keep a return for AY 2008-09 open till how long?

thanks

venkat

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On 30 May 2018 at 04:43 Report
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"Do the Right Thing...!!!"
128162 Points Posted on 30 May 2018
The books of account and documents must be preserved for a period of 6 years from end of the relevant assessment year. However, if the assessment has been reopened u/s 147, all books of accounts and other documents which were kept and maintained at the time of re-opening assessment should continue to be so kept and maintained till the re-opened assessment is completed.
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On 30 May 2018 at 05:26

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