Skip to content

CA Final · Direct Tax Laws & International Taxation · Provisions to Counteract Unethical Tax Practices

An Indian concern furnished Form No. 163 for a transfer occurring in a tax year. Under Rule 235 of the Income-tax Rules, 2026, for how long must it keep and maintain the information and documents specified in sub-rule (3)?

The Indian concern must keep and maintain the specified information and documents for eight years from the end of the relevant tax year. The ninety-day period relates only to furnishing Form No. 163, not to retention of the supporting documents.

  1. AFour years from the end of the relevant tax year
  2. BSix years from the date of filing the form
  3. CEight years from the end of the relevant tax yearCorrect
  4. DNinety days from the end of the financial year

Explanation

Rule 235(7) requires the information and documents listed in sub-rule (3) to be kept and maintained for eight years from the end of the relevant tax year. Ninety days is the filing window for the form, not the retention period. Four and six years are not stated in the rule.

Did you get it right without looking?

One question tells you little. A timed set on Provisions to Counteract Unethical Tax Practices shows your real accuracy, how long you take and where you lose marks.

Practise Provisions to Counteract Unethical Tax PracticesFree diagnostic mock

More Provisions to Counteract Unethical Tax Practices questions