Is Form 16 required and of how many recent Saral Form/Form 16 is needs to be retained?

[ReVoLuTiOn]

For individual assessee there is no mandatory to keep record of ITR or Form 16. But if you apply for bank loan they normally ask for minimum 3 years ITR. But I would not go by this rule, it is an important document and just one or two pages, so I would keep it life time.