Your work doesn’t end merely after filing your Income Tax Return (ITR). Taxpayers often delete or misplace important tax records, assuming they won't need them again after filing the ITR. However, documents such as Form 16, AIS, Form 26AS, bank statements and investment proofs may be required years later to respond to tax notices, verify claims or support future tax calculations.
Here's what every taxpayer should know about preserving income tax documents, whether digital copies are sufficient, and how long these records should be retained for.
