It is recommended to keep your tax records for a period of 6 years (six years) from the end of the relevant assessment year. This duration allows for any potential scrutiny or audit by tax authorities, ensuring you have the necessary documentation to support your income, deductions, and other financial transactions.
While 6 years is the general guideline, specific situations may warrant a longer retention period. For instance, if you own assets whose capital gains could be assessed in the future, retaining records related to those assets for a longer period of time may be advisable.
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