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How Long Should I Keep My Tax Records?

Each country has different rules when it comes to bookkeeping and tax record holding. In some countries you can keep upto 4 and that would be all that is needed. For some countries, it depends on pending credits and other things that affects bookkeeping. Lets take a look at how the tax  records are kept for each country.

US

  • Employment tax records : 4 years
  • If False income returned: 6 years
  • Waiting for credit and refund: 4-7 years.

India

  • 6 years of tax record keeping

Canada


  • 6 years of record keeping.

UK

  • As low as 15 months and more if there are some pending credits and dues or has return issues.