08-04-2022, 10:39 PM
1 revenue collect and are entitled to proof if retirnss from 6 years end of year
2 revenue are entitled to collect infor form any non returned information without statutory limit
So I I earn money In 2020 I return in 2021 so I have to retain info till 2027 so it looks like 7 years
If I start the business in 2020 I don't have to return till 2022 and so they can expect me to retain till 2028 which looks like 8 years
If I run a business and don't return ther is no limit.
I used to runy own businesss.till revenue decided to audit me
Cost me a literal shit ton and they found me did nothing wrong
Now I run another guys business and an audit means overtime
2 revenue are entitled to collect infor form any non returned information without statutory limit
So I I earn money In 2020 I return in 2021 so I have to retain info till 2027 so it looks like 7 years
If I start the business in 2020 I don't have to return till 2022 and so they can expect me to retain till 2028 which looks like 8 years
If I run a business and don't return ther is no limit.
I used to runy own businesss.till revenue decided to audit me
Cost me a literal shit ton and they found me did nothing wrong
Now I run another guys business and an audit means overtime