https://www.taxtmi.com/forum/issue?id=107587 Statutory retention obligations for assessment purposes require companies to retain books and vouchers covering the eight years immediately preceding the current year under the Companies Act; income tax law mandates preservation of specified books for six years from the end of the relevant assessment year, effectively spanning eight previous years. Central Excise requires records to be kept for five years after the financial year concerned, while VAT retention periods are state-prescribed and may, for example, require seven years from the end of the relevant assessment year. en-us Sat, 15 Nov 2014 14:07:56 +0530 Thu, 23 Jan 2025 15:57:09 +0530 TaxTMI RSS Generator https://www.taxtmi.com/forum/issue?id=107587 Statutory retention obligations for assessment purposes require companies to retain books and vouchers covering the eight years immediately preceding the current year under the Companies Act; income tax law mandates preservation of specified books for six years from the end of the relevant assessment year, effectively spanning eight previous years. Central Excise requires records to be kept for five years after the financial year concerned, while VAT retention periods are state-prescribed and may, for example, require seven years from the end of the relevant assessment year. Discussion-Forum Companies Law Sat, 15 Nov 2014 14:07:56 +0530 https://www.taxtmi.com/forum/issue?id=107587