Income Tax: When any person files income tax, he has to submit some documents as well. Through these documents, you may have obtained some exemption or this document may also be Form 16, but do you know how long you should keep the documents related to income tax after filing income tax return?
Income Tax Return: Every year people have to file income tax return. Filing of income tax return is necessary for every person whose income is taxable. On the other hand, if a person does not file tax despite having taxable income, then he may be in trouble. In this case income tax should be filed. After filing income tax, its confirmation is also given from the income tax department.
Income tax return
When any person files income tax, he has to submit some documents as well. Through these documents, you may have obtained some exemption or this document may also be Form 16, but do you know how long you should keep the documents related to income tax after filing income tax return?
Income Tax Return Filing
Actually, you must file your income tax every year after filing it. That file will contain those necessary documents, which have been useful for you in filing income tax and the copy of the confirmation received after filing the return will also be there. Although it is not mentioned under the Income Tax Act that for the maximum number of years a taxpayer should keep documents related to income tax, but one important thing has definitely been mentioned in it.
Income Tax
Please tell that under the Income Tax Act, information has been given about the time limit for sending income tax notice to any person. It has been told that the Income Tax Department has the right to send notices to taxpayers for the next seven years from the end of the relevant financial year. In such a situation, you must keep the necessary documents of income tax safely for 7 years, otherwise you may have to face problems if any kind of notice comes.
