Pranam Legally correct. But from the pragmatic views, it is better to keep minimum documents of originality on file to establish disputes in later years thro self Vs or thro LH Vs ;the evidence has no limits; i had seen civil cases dragged on for >80 years in courts where the 4th generations are born unending for the finalisation on account of the evidences lacked to decide. K R IRS
On Tue, 13 Apr 2021 at 07:41, Rangarajan T.N.C. <[email protected]> wrote: > > https://www.financialexpress.com/money/income-tax-return-copies-how-long-should-you-keep-them/781640/ > It is advised to keep your income tax return records for at least a period > of at least 6 years after filing it. Why? Even after you have followed due > process and filed your returns correctly, you must keep your records with > you for the long term. This is because if the Income Tax Department raises > a query or opens an investigation into your past returns, you will need > your documents handy. The various documents which should be kept safe > include Form 16 and Form 12B if you are a salaried employee, the ITR you > have filed along with ITR-V, the copy of the challan which shows the tax > paid, TDS certificates, your bank account statements, any intimation from > the Income Tax Department, documents supporting the tax exemptions you have > claimed, etc. > > https://taxguru.in/income-tax/new-procedure-income-escaping-search-assessments.html > Recent amendments suggest that people who have only pension, rent and > interest and dividend income need not keep documents for more than 4 years. > > > > > -- You received this message because you are subscribed to the Google Groups "Thatha_Patty" group. To unsubscribe from this group and stop receiving emails from it, send an email to [email protected]. To view this discussion on the web visit https://groups.google.com/d/msgid/thatha_patty/CAL5XZopC_BbX%2B-BXST3ej_Y%3DdhOG4HRq%3Dqbu_eACESr_hw30tA%40mail.gmail.com.
