Tech Firm Audit of Employees asking for Last 10 Years Income Tax Return
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Any of you are facing tech firm Audit of Last 10 Years' and asking employees Last 10 Years Acknowledgement and 10 Years Full Form (Full Return Copy)?
Whether the Tech Firm Invocation of Employees Private Data is legal or that can be challenged before Court of Law?
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Income escaping assessment .... details of last 8 years has to be maintained as per income tax rules. and 6 years in case of presumptive income , which is not applicable in your case. We nomally suggest to maintain 10 years of data to the clients.
"asking employees Last 10 Years Acknowledgement and 10 Years Full Form (Full Return Copy)?" ---- can you elaborate who is asking ?
Whether the Tech Firm Invocation of Employees Private Data is legal or that can be challenged before Court of Law? ---- Do you mean the tech firm is asking its employee to give these details. That would be invalid.
Yes we know 148 read with 147, this is employer asking details through big 4.
Only a CA or lawyer can help in this matter.