Dear all,
i am little bit confused about the intension of the company law board for the compulsion of maintainance of books of accounts for 8 years.
Kindly share your views on the said topic.
Thanks
Menu
Maintainence of books of accounts
Replies (1)
yes abhishek, refer sec 128(5) of CA 13
1] If an investigation has been ordered in respect of the company under chapter XIV, the CG may direct that the books of accounts may be kept for such longer period as may be deemed fit,
2] Even , Income tax act , mandates to preserve record for 8 years for assessments,
Recent Topics :
- Gst input credit
- CAN PARTNERSHIP FIRM SIGN SERVICE AGGREMENT WITH A
- E-waybill
- Sell of CAFC books
- ITC ON RENT
- GSTR-9 Table 8A Portal and Excel Issues
- IGST on Commercial Rental Income (Different State)
- Revocation of suo moto cancelled GST registration
- Is there any faculty taking chapterwise test in CA
- Late Fees and Interest
Related Topics :
CAclubindia
