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According to the Income Tax Act in India how many years does a company have to keep account books?
Wiki User
∙ 14y ago
Every company must maintain proper books of accounts These books and papers together with the vouchers pertaining to entries made must be maintained for at least 8 years.
It has been clarified by the Department of Company Affairs in their Circular No. 2/83 dated 2/3/1983 that the books of account should be prepared and maintained in indelible ink (and not in pencil).
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∙ 14y ago
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