Direct democracy is a form of government in which all laws are created by a general vote of society.
The term is microFICHE - there are no FISH swimming around the bank. Banks do keep records on microFICHE, for 7 years, but once an account has been closed, they generally dump the records after 2 or 3. I have fish in my office at the bank. Just to make it crystal clear.
Amit Bajaj. It is generally seen that there is confusion among taxpayers about maintenance of books of accounts under Income Tax Act like who is required compulsorly to maintain the books of accounts and for how many years one has to keep his books of accounts.very assessee wants to know for how many years he should keep the records of his books of accounts. Rule 6F(5) provides that the books of accounts and other documents are to be kept for atleast 6 years from the end of relevent assessment year.