BUISENESS MANAGEMENT
TAXES
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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You should keep your tax records for how long in case of an audit?
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10 years
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20 years
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1 year
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3-5 years
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Explanation:
Detailed explanation-1: -Assessees are required to preserve the specified books of account for a period of 6 years from the end of the relevant assessment year, i.e., for a total period of 8 previous years.
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