Alex France
11
2023
Apr 19, 2023 01:39 PM

Is there any time limit to maintain books of accounts?

Is there any time limit to maintain books of accounts?

All Replies (11)
Alex T Sunny
7 months ago

It is mandatory for the companies to maintain the books of accounts for at least 5 years.


Nandana Nithiyanandan
7 months ago

yes, the time limit is of minimum 5 years


Amal philipose varghese
7 months ago

Yes, minimum 5 years


Jerin P Thomas
7 months ago

Minimum 5 years


HANNA SAYYID
7 months ago

Yes books have to be maintained for 5 years


Josna Thomas
7 months ago

Yes , Minimum 5 years


Roshna
7 months ago

Yes 5 years


Jenifer. Lovely
7 months ago

Yes,  there is a specific time limit for maintaining books of accounts. According to the laws businesses are required to retain their books, records, and accounting documents for a minimum period of 5 years from the end of the financial year to which they relate. This means that all financial records and documents must be kept for at least 5 years, and failure to do so may result in penalties or legal consequences. It's important for businesses to adhere to this requirement to ensure compliance with regulations of the country.


Jayadev Menon
7 months ago

Yes , Books have to be maintained for minimum 5 years 


Bryce Dsouza
9 months ago

In the UAE, it is a general requirement for businesses to maintain their records for no less than five years. The Commercial Companies Law states that the Audit of Accounts is necessary for all companies in the mainland. 




Sam Alex
10 months ago

Yes we should keep the books retained for 5 years


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