Time limit for keeping the records, Income Tax

[MOHAMED YACOOB SHARIFF]

Dear Experts in one of the case AO insisting for the proof of building improvement made during the year 1994-95, is it correct? 

Because asseeee could not trace the same as it was incurred 20 years ago.

Regards

Mohamed Yacoob Shariff 

Posts / Replies

[CA GOPALJI AGRAWAL]

Under the Income tax provisions, the books of accounts are required to maintained for the period of 6 years from the end of relevant assessment years. The improvement in building can also be proved by other evidences.