As Per Income Tax How Long We Have To Keep The Books Of Accounts Safe?

amtgup
Dear Frds,
As per income tax how long we have to keep
The books of accounts safe?
Regards
Amit
Glidor
where no case or demand is pending, it is 6 years after close of previous accounting year.
amtgup
Sir weather such rule defined the companies act. Also if so? What will be the rules in respect of keeping books safely,
Glidor
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.
Glidor
one side you post query under income tax, other side you comment on company act ??
as per EPF act, books of accounts and master roll/ wages records are to be kept since inception, irrespective of the no of years.
Glidor
as per companies act Rule 3 of 2014
books are to be kept 8 years since the last close of FY
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