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Time period for maintaining books of accounts u/s 44AA(2)
What is the time period for which the books of accounts are to be kept for businesses u/s 44AA(2)?
Replies (3)
As per rule 6F, books to be maintained for 6 years from the end of the relevant AY
Rule 6F provides the books of accounts to be kept and maintained by persons carrying on certain professions. Can the same be applied for persons carrying on business of trading and manufacturing?
Rule 6F(5) provides that the books of accounts and other documents are to be kept for at least 6 years from the end of relevant assessment year.
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