Income Tax Know-how

How long should you keep tax-related documents?

The duration for holding on to income tax-related documents depends on the type of income and financial transactions

How long should you keep tax-related documents?

Filing an income tax return (ITR) is an annual ritual for all those who have had any income or losses during the year gone by. For many taxpayers, the last date for filing the income tax return got over on 5 August. However, there are others who need to get their accounts audited before filing ITR. For these taxpayers, the extended last date for filing the return is 17 October.

This article was originally published on January 22, 2018.


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