SUB : Time limit for preservation of Books of accounts and records under the IT Act, 1961.

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Student by profession
157 Points Posted on 03 November 2020
Hello,
Can any one mention the time limit for Preservation of Books of accounts and records under the IT Act, 1961.

And also what's the earlier provision w.r.t to that.

Thanks!
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On 03 November 2020 at 22:00 Report
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This discussion clarifies the time limits for preserving books of accounts and records as per the Income Tax Act, 1961. The current requirement is a maximum of 10 years, with a minimum of 6 years. The thread also briefly touches upon earlier provisions related to this matter.

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12244 Points Posted on 04 November 2020
Maximum 10 years... minimum 6 years
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On 04 November 2020 at 01:32
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Student by profession
157 Points Posted on 04 November 2020
Ok, thanks!
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On 04 November 2020 at 09:07

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