Divyanshu GuptaDivyanshu Gupta asked 1 year ago
1 Answers
RaviRavi Staff answered 1 year ago

Yes its 8 years and if CG has extended retention period, then re-opening can be done for such extended period.

Sec 130 (3)
(3) No order shall be made under sub-section (1) in respect of re-opening of books of account relating to a period earlier than eight financial years immediately preceding the current financial year:
Provided that where a direction has been issued by the Central Government under the proviso to sub-section (5) of section 128 for keeping of books of account for a period longer than eight years, the books of account may be ordered to be re-opened within such longer period. 

 

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