Part DCA - Safe Harbour Rules for income referred to in clause (i) of sub-section (1) of section 9 chargeable to tax under the head (From Rule 10TI to Rule 10TIC)
Books of account maintenance for exempt entities requires detailed records, electronic storage, registered-office retention, and long-term preservation. Rule 17AA requires specified exempt entities to keep prescribed books of account and detailed supporting records covering income, application of income, corpus contributions, loans, properties, specified persons and other relevant information. The records may be maintained in written, electronic or digital form, generally at the registered office unless another place in India is decided by resolution and intimated to the Assessing Officer within seven days. The prescribed books and documents must be preserved for ten years from the end of the relevant assessment year, subject to continued retention where assessment is reopened.
Cases where this provision is explicitly mentioned in the judgment/order text; may not be exhaustive. To view the complete list of cases mentioning this section, Click here.
Provisions expressly mentioned in the judgment/order text.
Books of account maintenance for exempt entities requires detailed records, electronic storage, registered-office retention, and long-term preservation.
Rule 17AA requires specified exempt entities to keep prescribed books of account and detailed supporting records covering income, application of income, corpus contributions, loans, properties, specified persons and other relevant information. The records may be maintained in written, electronic or digital form, generally at the registered office unless another place in India is decided by resolution and intimated to the Assessing Officer within seven days. The prescribed books and documents must be preserved for ten years from the end of the relevant assessment year, subject to continued retention where assessment is reopened.
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