Penalty for failure to maintain or retain tax books arises where required accounting records are not kept or preserved. Penalty under the Income Tax regime arises when a person fails to keep and maintain required books of account and other documents, and also where such ... Summary
Penalty for failure to maintain or retain tax books arises where required accounting records are not kept or preserved.
Penalty under the Income Tax regime arises when a person fails to keep and maintain required books of account and other documents, and also where such books and documents are not retained for the prescribed six-year retention period.
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